A development company says it is €40 million in the red because the State did not honour an agreement to give it a building used as a Garda station, the Commercial Court has heard.

I refer to the article by Matt Cooper on Friday, Feb 3, entitled “Appleby’s successor will need to be more proactive with investigations.”

A HIGH Court judge has indicated he hopes to proceed with a hearing next week of Anglo Irish Bank’s bid for injunctions to prevent businessman Sean Quinn and his family transferring assets from Swedish companies holding the family’s properties in several foreign countries.

AN EXECUTIVE who sleepwalked naked into a female colleague’s bedroom could have dealt with the matter privately by simply agreeing to resign from a post which involved him working on a one-to-one basis with her, the High Court was told yesterday.

DCC did not breach company law or indulge in insider trading when it sold its stake in fruit importer, Fyffes, 10 years ago, the long-running independent investigation into the matter has found.

ACC bank has today urged the High Court to reject an application made on behalf of companies in the Liam Carroll-controlled Zoe group to be placed into examinership.

THE inspector investigating unlawful insider dealing by DCC and its former chief executive Jim Flavin relating to the sale of the DCC stake in Fyffes will present his final report in December.

IRISH Nationwide Building Society has secured a €78 million summary judgment order against Aifca, a company controlled by property developer Liam Carroll, over unpaid loans.

PHARMACISTS fear they will go out of business if the Health Service Executive presses ahead in cutting the wholesale mark-up on drugs dispensed under the medical card scheme next month.

RYANAIR Limited secured a High Court judgment yesterday quashing a decision of the Commission for Aviation Regulation concerning the allocation of “slots” at Dublin Airport.

THE High Court yesterday approved an application by Jefferson Smurfit Group plc to reduce share capital by 10 million 30 cent ordinary shares to facilitate a 3.4bn takeover deal by Madison Dearborn Partners.