Banks to pool data to ascertain solicitor’s liabilities

TEN banks and other financial institutions which had dealings with solicitor Michael Lynn in relation to an unknown number of properties are to pool information to try and establish the extent of the solicitor’s liabilities, estimated at up to €50 million, the High Court heard yesterday.

A total of 105 properties could be involved, with about 30 to 40 of them overseas.

Proceedings by First Active plc and Allied Irish Banks plc against Mr Lynn are to come before the Commercial Court today.