Court rules former CHC directors are liable for costs relating to liquidator’s investigation

Three former directors of the collapsed Custom House Capital (CHC) investment firm are jointly and severally liable to pay €214,457 to a liquidator for the cost of his investigation, collection of evidence and for the legal fees involved, the High Court has ruled.

Three former directors of the collapsed Custom House Capital (CHC) investment firm are jointly and severally liable to pay €214,457 to a liquidator for the cost of his investigation, collection of evidence and for the legal fees involved, the High Court has ruled.

It means liquidator Kieran Wallace can pursue either Harry Cassidy, John Whyte or John Mulholland for the total amount and they would have to afterwards sort out between themselves what their "share" of those costs would be.