Two music promoters settle row
CONCERT promoters Eamonn McCann and Denis Desmond have settled a High Court dispute over their alleged partnership.
The settlement was reached after talks yesterday on what was the eighth day of the case.
Brian O'Moore, counsel for Mr McCann, told Mr Justice Brian McGovern that after "considerable efforts" by the parties, this case, a separate action in this jurisdiction, and a third in Northern Ireland, had been resolved. The judge adjourned the case to January 12.
Mr McCann, of Deramore Drive, Belfast, claimed in his action he was entitled to a certain share in the profits of the partnership which he claimed began in 1980 when they got into business together as MCD, an amalgamation of the first initials of their surnames.
Mr Desmond, of Vartry Lodge, Strand Road, Killiney, Dublin, denied his claims.
During the hearing, the court heard that when he met with Mr Desmond in 2006 to discuss a proposed buyout of his (Mr McCann's) share in the business, Mr McCann lied that he was dying of cancer and had five years to live.
He told the court he deeply regretted saying this.