Ronan companies' case against Fortress firms resolved

The judge congratulated the parties and struck out the case

Johnny Ronan's companies had sought damages for breach of contract, unlawful interference with contractual relations and/or inducing breach of contract and/or negligence and/or breach of duty. File photo: Gareth Chaney Collins

A dispute between companies of developer Johnny Ronan and the Fortress Investment Group, which has financed some €1 billion worth of commercial property projects, has been resolved, the Commercial Court has heard.

RGRE J&R Ltd, RGRE Borrower Ltd, J&R Lehaunstown Ltd Partnership, J&R Fitzwilliam Ltd Partnership and RGRE Sen Borrower Ltd, brought proceedings last year against Collir SARL, Fortress Investment Group LLC and CF Troy Holdings LLC. Collir and CF Troy are both indirectly owned by funds managed or advised by affiliates of Fortress.