Court to rule on row over manager’s fees

A special manager appointed to run a Kildare credit union is willing to be cross-examined about the level of fees he is seeking for the job, the High Court heard yesterday.

Efforts to resolve differences between the directors of Newbridge Credit Union and special manager Luke Charleton over fees have failed and the matter will have to be resolved before a judge next month.

The total costs so far for Mr Charleton, of accountants Ernst & Young, and of his team and of lawyers, are now expected to be close to €2m, including €563,000 being sought for further work.