Breccia, a company linked to businessman Larry Goodman, is understood to be seeking legal costs of up to €5m following its marathon High Court litigation with Dr Joseph Sheehan, a co-founder of Dublin's Blackrock Clinic.
The case, initiated in 2014, concerned the ultimate control of the clinic. Goodman secured majority control of Blackrock Clinic earlier this year after acquiring Dr Sheehan's 28pc stake from a receiver.
Last week, Mr Justice Michael Quinn dismissed several claims made by Dr Sheehan. They included that Breccia had conspired with another clinic co-founder, Dr George Duffy, and others to damage Dr Sheehan's interests regarding his acquisition of loans made to buy shares in the clinic.
The judge refused to grant declarations that Breccia was not entitled to acquire the relevant loans and guarantee. Quinn granted a counter-claim by Breccia for judgment for around €19m against Dr Sheehan.
The total €19m amount comprises some €17.5m, plus some €1.5m interest, due on loans made by Anglo Irish Bank in 2006 to acquire shares in Blackrock Hospital Ltd, which owns the share capital of Blackrock Clinic Ltd.
Anglo also made loans to Dr Duffy, which were used to acquire shares in Blackrock Hospital Ltd.
After Anglo's takeover by IBRC, the loans were sold to Breccia, which also bought shares in Blackrock Hospital Limited
According to sources, Breccia incurred legal fees of around €5m, and it is understood it will be seeking these costs from Dr Sheehan, although this will have to be adjudicated. It is understood Breccia is confident of securing the sum.
Breccia declined to comment on the legal costs. A spokeswoman for the Goodman-linked company said: "We welcome the recent decision of the High Court which found there to be no basis or substance whatsoever to Joseph Sheehan's allegations of conspiracy and wrongdoing against Breccia and its co-defendants Blackrock Clinic and Dr. George Duffy."
It is further understood the Blackrock Clinic is claiming $1.6m in legal costs arising from the case. Dr Sheehan's Chapter 11 petition, filed with the Bankruptcy Court for the Northern District of Illinois on March 12 , includes a disputed claim for this amount from the Blackrock Clinic.
It also included a disputed claim for just over $2.5m from Dublin-based law firm Shannon & O'Connor. Chapter 11 is similar to Ireland's examinership regime and is a form of bankruptcy which involves the reorganisation of a debtor's business affairs, debts and assets.
A representative for Dr Sheehan said he intends to appeal the decision. He said that Dr Sheehan believes he is owed legal fees for certain parts of the lengthy proceedings. He added that Dr Sheehan does not believe that he should pay any of Breccia's costs until the appeal is determined. Dr Sheehan co-founded the hospital in 1986 with his brother Dr James Sheehan, surgeon Maurice Neligan and Dr George Duffy.
Sunday Indo Business