Friday 15 December 2017

Dunne lawyers fail to block NAMA bid to boost legal team in US case

Orlaith Farrell Connecticut

LAWYERS for Sean Dunne and wife Gayle Killilea have failed to block NAMA bolstering the legal team suing them in the US.

The couple weren't present to hear their defence team argue that the 'bad bank' already had ample legal representation.

Expert on fraudulent transfers, Tom Curran of McCarter and English, will join the NAMA legal team.

NAMA is suing the couple in the US, claiming they have been developing property in Connecticut, while debts in Ireland of over €185m remain unpaid.

The Carlow-born business man is also facing bankruptcy proceedings from Ulster Bank over debts of €164m.

Ms Killilea claims that she has successfully re-invented herself as a propery developer since relocating to Greenwich and made the investments with her own money.

Lawyers for Mr Dunne continued their quest to quiz NAMA bosses about the handling of his failed property empire and rejected business plan. Ahead of the deposition of former NAMA executive John Coleman later this month, they requested five new pieces of information from the financial institution, something lawyers for the bank maintained was too late to be accommodated.

Judge Brazzel-Massaro directed the group to reach a resolution about the documents ahead of tomorrow, and if they failed to do so, she would convene the case again and make one. The case is due back in court next month.

Irish Independent

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