A separate action against Michael Fingleton, involving a claim by State-owned Irish Bank Resolution Corporation for up to €6 billion over losses suffered by the Society, is proceeding on a date yet to be fixed.

A legal action against four former directors of the Irish Nationwide Building Society over alleged “wholly unlawful” delegation of powers of the boar(...)

A legal action against four former directors of the Irish Nationwide Building Society over the alleged “wholly unlawful” delegation of powers of the Board of the Society to its former CEO Michael Fingleton has settled, the Commercial Court has heard. Photograph: Dara Mac Dónaill

A legal action against four former directors of the Irish Nationwide Building Society over the alleged “wholly unlawful” delegation of powers of the B(...)


John Purcell (left) with Michael Fingletion and Michael Walsh at an Irish Nationwide Building Society
 agm

The Central Bank has failed to stop a former director of Irish Nationwide Building Society pursuing various claims against it, including of neglige(...)

Mr Justice Brian McGovern has criticised  a delay in a decision on whether the former auditors will be sued as co-defendants in the €6 billion IBRC court action.

A High Court judge has strongly criticised the continuing failure over months to make a decision whether accountancy firm KPMG should, in its capacity(...)

File photo of former INBS executives Michael Fingleton, Terence Cooney and David Brophy. Photograph: Eric Luke

MARY CAROLAN An application may be made to join accountancy firm KPMG as a defendant to a legal action arising from some €6 billion in losses at Iri(...)

Former INBS director says the Central Bank and other State entities have joined together against him. Photograph: Matt Kavanagh

A former director of Irish Nationwide Building Society (INBS) has alleged the Central Bank and other State entities have joined together in exposing h(...)

The Central Bank has asked the High Court to strike out legal claims against it which could make it liable for hundreds of million of euro in losses. (...)

Denis McDonald SC sought the order after the Minister for Finance  failed to respond to the January 31st letter from Mr Cooney’s lawyers alleging the special liquidators had “a glaring conflict of interest” in relation to the litigation.

A former director of Irish Nationwide Building Society has told the Minister for Finance it is “preposterous” that the two special liquidators (...)

Terence Cooney: one of four directors sued over ‘catastrophic losses’

Four former directors of Irish Nationwide Building Society are seeking a large number of documents for their defence to proceedings in which they are (...)

Michael Fingleton and Michael Walsh, Chairman at an Irish Nationwide Building Society agm in 2002. Photograph: Eric Luke.

Michael Fingleton should have been summarily dismissed from his position as chief executive of the Irish Nationwide Building Society as far back as 20(...)