Saturday 21 October 2017

Company gears up to fight €30m claim in court

Eircom's legal representatives will be in court today as they prepare to fight a €30m claim against the company by a consortium that includes private clients of Goodbody Stockbrokers.

Towercom, a consortium comprised of Irish firm Threefold Project Management, US-based Plainfield Asset Management and Goodbody Stockbrokers, paid €155m in 2007 for Eircom's mast business.

Towercom filed a €22m claim last March against Eircom for alleged breach of warranties and filed a further claim in November.

The sides will today discuss discovery motions, while a preliminary trial will be heard in the Commercial Court on March 23.

Irish Independent

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