Saturday November 28, 2020

New legal challenge from IL&P shareholders again refused

7th April, 2019

The Supreme Court has refused, for a second time, to hear a challenge brought by a group of shareholders against the state’s €4 billion recapitalisation of Irish Life & Permanent during the financial crisis.

Having been turned down for a leapfrog appeal directly from the High Court last year, on the basis that the case did not meet the Constitutional threshold, the affected stakeholders went on to lose their “highly complex” case in...

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