United Drug undertakes not to repossess stock

UNITED Drug has undertaken before the High Court not to seek repossession of stock from 11 firms in the McSweeney pharmacy group which are under court protection.

United Drug undertakes not to repossess stock
Sat, 29 Oct, 2011 - 01:00
Vivion Kilfeather

The companies employ 95 people and has debts of over €17 million.

Mr Justice Frank Clarke yesterday discharged injunctions against United Drug, a creditor of the companies, which had restrained its attendance at the premises of the McSweeney companies or seeking to repossess stock.

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CourtsPerson: Frank ClarkePerson: Rossa FanningPerson: ClarkePerson: Denis McDonaldOrganisation: United DrugOrganisation: High CourtOrganisation: McSweeneyOrganisation: PriceWaterouseCooperOrganisation: McSweeney Dispensers LtdOrganisation: Tohers PharmacyOrganisation: AIB
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