Farm Ireland
Independent.ie

Tuesday 19 September 2017

Dairygold court case delayed two months

Caitriona Murphy

Caitriona Murphy

Dairygold's date in court with its former chief executive Jerry Henchy has been postponed for a further two months.

The co-op, represented by Arthur Cox Solicitors, and Mr Henchy, represented by Dundon Callanan, are now due to appear in the High Court on April 9.

It is understood that the case was postponed because of the unavailability of a judge to hear the case.

Mr Henchy headed up Dairygold Co-op and the associated company Reox Holdings until 2008. He is understood to be seeking close to €2m in damages in relation to his departure from Dairygold. His case, first filed in 2009, relates to alleged non-payment of his severance package. A spokesman for Dairygold said the timing of the case was a matter for the Court Service.

"Dairygold were fully prepared to defend the case," he added.

Meanwhile, a petition signed by more than 250 Dairygold farmers calling for a special general meeting (sgm) was handed into the co-op's headquarters on Friday.

The petition, compiled by the Dairygold Milk Suppliers and Shareholders Group, is demanding that the milk supply agreement be shelved pending a complete appraisal of the co-op's investment plans.

"The whole expansion plan is based on a survey done in 2011 for milk supply up to 2020 when everything was looking very good," said a spokesman for the group.

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"Today we are told that the figures have been confirmed at the one to one meetings where a forecast for 2014 and 2015 is required and not the years up to 2020.

"How can the co-op confirm the figures for 2020 based on just the first two years, especially in light of the fact that quotas will be in operation until 2015?

"We want the co-op plans to be fully investigated and updated before and not after we invest our money. It is only good business practice to do so," he insisted.

Irish Independent