Blackrock Clinic accuses Goodman firm of hiking fee

Blackrock Clinic founder Joseph Sheehan has accused a company of Larry Goodman of deliberately inflating to €19.6m the sum for paying off his loans secured against his shareholding in the clinic.

Mr Sheehan claims the appropriate figure for redemption of his loans is €16.5m but Breccia, which the Commercial Court heard acquired the loans from the State-owned IBRC for €17.3m, has sought some €3m more than that.

The €19.6m figure is “a deliberate tactic” and “a form of attrition” by Breccia to wear down Mr Sheehan in such a way his financiers would eventually lose interest and “disappear” and he would be unable to raise the necessary finance to redeem his loans, John O’Donnell, for Mr Sheehan, said.