Former Irish Nationwide boss Michael Fingleton fails to halt civil trial against him

The claim against Mr Fingleton was originally pitched at €6 billion, the amount lost by the lender after the 2008 property crash

Michael Fingleton led Irish Nationwide between 1971 and 2009, holding the role of managing director for much of the period, though his title was changed to chief executive close to the end of his time in charge. File photo: RollingNews.ie

Former Irish Nationwide Building Society (INBS) boss Michael Fingleton has lost his Supreme Court bid to halt his civil trial alleging he negligently mismanaged the failed lender.

Five judges of the top court held that the 86-year-old, acting through his wife and son, Michael Fingleton Jnr, under their powers of attorney, fell “considerably” short of the threshold that would convince the court it should dismiss his case before a hearing.