Shareholder ‘threatened’ anti-mafia proceedings against Blackrock Clinic board

Shareholder ‘threatened’ anti-mafia proceedings against Blackrock Clinic board

Co-founder Joseph Sheehan pursued board members as part of a row over €4m dividends

The board of the exclusive Blackrock Clinic was “threatened” with racketeering proceedings under US anti-mafia laws as part of a bitter row over dividend payments, the High Court has heard.

Retired surgeon and hospital shareholder Joseph Sheehan warned the board in late 2013 that individual directors would be joined in an action under the Racketeer Influenced and Corrupt Organisations (Rico) Act if his dividend payments were directed to IBRC (formerly Anglo Irish Bank) instead of him.

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