Larry Goodman firm refused Blackrock Clinic orders stay

A company controlled by businessman Larry Goodman has been refused a stay on orders clearing the way for shareholders in Blackrock Clinic to redeem their loans for investing in the facility.

Lawyers for Joseph Sheehan, who has a 28% shareholding in the clinic, told the Court of Appeal Mr Sheehan is prepared to pay higher interest to another lender to secure funds for loan redemption so as to be “unchained” from Mr Goodman’s company, Breccia.

The dispute concerns loans made by the former Anglo Irish Bank to Dr Sheehan and his fellow shareholder, Dr John Flynn and Mr Flynn’s company, Benray, for investing in the Dublin clinic.