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Wed 05 May 2009Directors of Limerick firm being sued over €11m Odeon loan failure claim

TWO DIRECTORS of a Limerick construction company are being sued over alleged failure to honour an agreement to provide securities related to a £10 million (€11.25 million) loan given for redevelopment of the Odeon Cinema site in London’s Leicester Square.

The proceedings against Patrick Whelan and Patrick Chesser, both directors of Callerview Properties, Steamboat Quay, Dock Road, Limerick, have been taken by Frank Woods, with an address at Onchan, Isle of Man.

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