‘Reckless’ directors to pay back €150k each

Two directors who recklessly presided over the €6 million collapse of Doherty Advertising will each pay back just €150,000 under a confidential settlement, The Sunday Business Post has learned.

26th March, 2005

Two directors who recklessly presided over the €6 million collapse of Doherty Advertising will each pay back just €150,000 under a confidential settlement, The Sunday Business Post has learned.

Mark Beggs and Anthony Martin accepted personal responsibility for €2.2 million in liabilities suffered by the agency after a High Court action last December. The pair agreed that they had “knowingly conducted the business of the company in a reckless manner'‘.

Receiver Tom Kavanagh...

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