Judge seeks details on Lynn bankers’ bonuses

HIGH Court president Mr Justice Richard Johnson said he wants to know the details of bonuses given to bank officials who paid the millions in loans to missing solicitor Michael Lynn.

The judge was speaking during an application by the Law Society to have €1 million transferred from Mr Lynn’s frozen client account to the society’s compensation fund.

Mr Justice Johnson remarked that at the outset of the court actions, he had asked about the bank officials who approved loans.

“I made a request when this started that I be given details of bonuses paid to the officials when the banks paid the money.”

He said he was referring to “all the banks and building societies”.

The judge was told yesterday that Irish Nationwide Building Society was objecting to the Law Society’s application to transfer the €1m.

Meanwhile, the High Court dispute between the wife of Mr Lynn and several banks over distribution of the €4.7m proceeds of the sale of Glenlion House in Howth, was fully settled yesterday.

The settlement means the court will not have to decide Ms Murphy’s claim as to whether the banks breached a duty of care to her when they had loaned her husband sums of more than €11m for the purchase of Glenlion House without, she claimed, carrying out appropriate checks.


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