Michael Fingleton applies to halt case over conduct of Irish Nationwide affairs

IBRC claimed an 'unusual' management structure had operated at the Irish Nationwide Building Society

Michael Fingleton claims, on grounds of his ill-health, the action brought against him by the special liquidators of Irish Bank Resolution Corporation, which took over Irish Nationwide Building Society after it collapsed with losses of €6 billion, should be dismissed or permanently stayed. File photo: Billy Higgins

A bid by Michael Fingleton to halt proceedings against him over alleged breach of his obligations while he served as the CEO of Irish Nationwide Building Society (INBS) will be heard later this month.

Mr Fingleton (aged 83) claims, on grounds of his ill-health, the action brought against him by the special liquidators of Irish Bank Resolution Corporation, which took over INBS after it collapsed with losses of €6 billion, should be dismissed or permanently stayed.