Cattle trader loses multi-million case against Aurivo
Published 20/05/2015 | 02:30
Mayo cattle trader, Finbar Tolan, suffered a major financial blow when the High Court last week dismissed his €4.5m loss of earnings case against Aurivo Co-op.
The ruling by the President of the High Court, Justice Nicholas Kearns, came after four days of hearings involving both junior and senior counsel for both sides.
The order for costs of up to €500,000, including all reserved and discovery costs, was made in favour of Aurivo.
The decision comes on the back of a separate judgment that ordered Mr Tolan to pay more than €150,000 from previous dealings.
Mr Tolan claimed that his business of buying and selling up to 5,000 dry cows annually was destroyed by a ban imposed by Aurivo mart manager Martin Walsh.
He produced a written document in the court showing a commitment from Aurivo mart managers to provide Mr Tolan with two weeks' credit.
Aurivo's legal representative, Ken Fogarty SC, stated that Mr Tolan was never barred from the marts.
Instead, Mr Fogarty argued that the cattle dealer ceased trading because his business was failing at the time - a claim strongly disputed by Mr Tolan.