Jonathan Bourke in High Court over Market Bar shareholding

Business man wants any move to dilute shareholding or remove him as director set aside

Exterior of t he Market Bar on Fade Street, Dublin. Photograph: Alan Betson/The Irish Times

Exterior of t he Market Bar on Fade Street, Dublin. Photograph: Alan Betson/The Irish Times

Tue, Jul 1, 2014, 09:23

A dispute involving the shareholders of the Market Bar in Dublin city centre has come before the High Court.

Businessman Jonathan Bourke has brought proceedings against John Reynolds and Eoin Foyle over a purported decision to dilute his shareholding in the business and dismiss him from his employment at the bar at Fade Street.

The matter was briefly mentioned before Mr Justice Brian Cregan. He was told by Patrick McCann SC, for Mr Bourke, that a purported meeting of Mercroft Taverns Ltd, the company operating the bar and tapas restaurant, took place on May 9th.

There, it is claimed, Mr Bourke’s shareholding was “diluted” and he was “ousted” from his position of employment at the bar and removed as a director of the company.

Mr Bourke wants any decisions to dilute his shareholding, remove him as a director or terminate his employment set aside.

Pending a full hearing, he is seeking orders that he be treated as if he remains in his employment at the company and that Mercroft continue paying his salary and benefits. He also seeks to restrain Mr Reynolds from holding himself out as being a majority company shareholder.