Former Irish Press shareholder loses challenge against accountancy body

A former shareholder in the Irish Press company has failed in a challenge to a refusal of the accountancy supervisory body to order an inquiry surrounding his complaints about the auditors of the firm before it went into liquidation.

Neal Duggan, a son of late Irish tycoon Paddy Duggan, brought High Court proceedings against the Irish Auditing and Accounting Supervisory Authority (IAASA).