Printing company will have to put up security for costs

A printing company suing over the loss of a valuable contract to publish newspapers in the former TCH media group will have to put up security for costs — which could be as much as €3m — if its action is to go ahead, a judge has decided.

Ms Justice Mary Finlay Geoghegan ruled defendants including Thomas Crosbie Holdings, Landmark Media, and Thomas Crosbie and Alan Crosbie, are entitled to orders for security of costs in the action taken by Webprint Concepts Ltd.

Webprint has sued several parties in the Commercial Court over losing the contract as a result of what it alleges was the “wilful” and “pre-packaged” restructuring of Thomas Crosbie media group earlier this year.