High Court to revisit McInerney case

A High Court judge will revisit his decision to refuse to approve a rescue plan for two McInerney group firms.

Mr Justice Frank Clarke said he would review his decision because information that loans obtained by the group from a banking syndicate are likely to be transferred to NAMA was a material fact that was not before the court before prior to his decision to refuse to confirm a scheme that would have allowed the two firms in the group to continue to trade.