Developer Paddy McKillen loses challenge to Anglo share assessment process

Developer Paddy McKillen has lost a High Court challenge to a process in which a Government-appointed assessor has been asked to come up with a valuation for shares in the nationalised former Anglo Irish Bank.

Mr McKillen, who was a substantial shareholder in Anglo, last year brought judicial review proceedings over the short timescale the developer was given to respond to the role of the assessor in determining compensation for Anglo shareholders.