Judgment reserved in Taylor case

THE High Court has reserved judgment on whether affidavits by Tony Taylor the founder of collapsed finance company Taylor Asset Managers can be used in proceedings by the liquidator of the Taylor companies.

Mr Taylor has made a number of allegations in his affidavits against other directors of the company, who include the TV personality Eddie Hobbs.

The liquidator, Paddy McSwiney, has said he does not propose to rely on those affidavits in the proceedings against the other directors, brought under section 150 of the Companies Act, and would only rely on them in the action against Mr Taylor himself.