Judge expresses ‘acute concerns’ over gaps in Cara examiner report

Justice Denis McDonald said High Court was not getting a ‘full picture’ on details of the pharmacy group takeover

20th December, 2020
Judge expresses ‘acute concerns’ over gaps in Cara examiner report
Ramona Nicholas, co-director and a primary shareholder at Cara Pharmacy Group

A judge raised “acute concerns” that the High Court was not being given the “full picture” during an application to approve an examiner’s scheme of arrangement for the Cara Pharmacy Group, last Friday.

Justice Denis McDonald said it was his understanding from the examiner’s report that Ramona and Candice Nicholas, the group’s directors and primary shareholders, were “not getting anything” from the acquisition of the company for €14.1 million...

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