The O’Flynn construction group has set out "a good arguable case" entitling it to pursue global private equity fund Blackstone over an alleged conspiracy to take over key companies in the Cork-based group, the Commercial Court ruled.

Cork brothers Michael and John O’Flynn have told the High Court they would not be maintaining allegations of wrongdoing against four receivers appointed to their companies by Blackstone subsidiary Carbon Finance.

Cork brothers Michael and John O’Flynn have succeeded in removing the interim examiner appointed to four key companies in their construction group and have been put back in charge of their business.

The US wife of Irish property developer John Flynn is asking the Commercial Court to declare she has no interest in a Dublin office park as part of Nama’s bid to recover a €22m debt owed by the Flynn family.

A claim that IBRC overcharged developer John Flynn €100,000 on loans has to be seen in the context of Nama’s claim Mr Flynn and his family owe the agency €21m, the Commercial Court has heard.

Developer John Flynn is unlikely to recover any money from IBRC following his case alleging that he had been overcharged on €150m worth of loans from the former Anglo Irish Bank.

IN a beautiful place called Tagaytay, just south of Manila in the Philippines, Ferdinand and Imelda Marcos built a magnificent, if ostentatious, hideaway known locally as the Palace in the Sky. It is built on a hill overlooking the famous Lake Taal with its multiple islands, volcanoes and lush green surrounds.

AN abandoned 4x4, found in a wood at Dundrum, Co Tipperary, early yesterday morning by a local farmer has been brought to Dublin for forensic examination.

The Flynn family have added the four-star, 135-bedroom Newpark Hotel in Kilkenny to their portfolio of luxury hotels, which in addition to the Imperial Hotel in Cork includes the Old Ground Hotel Ennis, the Park Hotel Dungarvan and Kytlers Inn Kilkenny.

DISCREPANCIES in the statement of Noel McBride which incriminated the McBrearty family in the death of Richie Barron in Raphoe, Co Donegal, were never followed up with essential inquiries.

ONCE Taoiseach Bertie Ahern decided that Fianna Fáil could not afford the embarrassment of allowing Beverly Flynn to continue as a member, her fate was sealed.

FACING financial ruin, political ostracism and a lifetime of labelling as the TD who encouraged tax evasion, Beverly Flynn might have been forgiven for leaving the Supreme Court yesterday through a back door and behind blackened car windows.

The allegations raised over the weekend by the Sunday Business Post and TV3 into financial dealings involving former minister Pádraig Flynn, also a former EU Commissioner, and his daughter Beverly Flynn cannot be ignored by Taoiseach Bertie Ahern.