Michael Fingleton fails to halt case against him over conduct of Irish Nationwide affairs

Mr Fingleton had sought to have the case halted on grounds of its breadth and his ill-health.

The IBRC alleges the INBS’s €6 billion losses from 2008-2010 arose from development loans made when Mr Fingleton was CEO, that he had excessive control over the society’s business and flouted its lending rules. File photo: Billy Higgins

A High Court judge has refused a bid by former Irish Nationwide Building Society (INBS) CEO Michael Fingleton to stop a case against him over alleged negligent mismanagement of the Society’s affairs.

Mr Justice Tony Hunt today refused Mr Fingleton’s application to have dismissed, or permanently stayed, the action taken against him by the special liquidators of Irish Bank Resolution Corporation, which took over INBS after it collapsed.