Henchy settles Dairygold action

Former Dairygold CEO Jerry Henchy has settled his High Court action against the co-operative society over the termination of his €580,000-a-year position, plus bonuses and allowances, almost five years ago.

The company said in a statement no damages had been paid to Mr Henchy but it had made a contribution towards his legal costs.

Mr Henchy, aged 48, from Kilmallock, Co Limerick, had sued Dairygold Co-operative Society Ltd over the alleged termination of his job in Jan 2009.