The state has roundly rejected an offer of mediation from former Permanent TSB (PTSB) shareholders embroiled in a quasi-class action for multimillion euro damages.
The 49 affected stakeholders are currently awaiting judgment in a six-year legal battle against the Minister for Finance over the €4 billion recapitalisation of PTSB from July 2011, a move which effectively wiped out the value of their shares.
As those proceedings are seeking narrow declaratory relief under the Credit Institutions (Stabilisation) Act,...
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