Court to rule in Irish Nationwide case

The High Court  will rule today  on an application to continue an injunction preventing the suspension of an Irish Nationwide…

The High Court  will rule today  on an application to continue an injunction preventing the suspension of an Irish Nationwide Building Society (INBS) manager who claims he is being scapegoated over loans to solicitors Michael Lynn and Thomas Byrne.

Mr Justice Frank Clarke said he will give judgment today on the injunction proceedings by Brian Fitzgibbon to stop his suspension.

Mr Fitzgibbon is also seeking to stop what he has described as a "disciplinary" meeting involving him, which had bene scheduled to take place on Monday last but which was restariend by an interim injunction.

The INBS  is disputing Mr Fitzgibbon's scapegoat claims. It says it is merely conducting a fact-finding enquiry into his conduct, including his involvement in the approval of nearly €1.25 million in bonus payments to branch managers.

READ MORE

The INBS disputes Mr Fitzgibbon's claims that the inquiry concerns loans only to Mr Lynn and Mr Byrne and says there are eight other unnamed people to whom loans were given. These  are are also the subject of the investigation, it said.