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23/02/2010

Quinns Granted €7.3m Order Against Developer

Five children of a prominent Irish senator have secured judgement orders for more than €7.3m against a developer over his failure to repay loans provided as part of north Dublin development.

Members of Senator Feargal Quinn's family - Donal Quinn, Zoe Quinn, Gilliane Quinn, Stephen Quinn and Eamonn Quinn - brought the proceedings against Patrick Doyle of Malahide, reports the Irish Independent.

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The loans were given as part of "mezzanine" finance for the development.

The judge at the Commercial Court was told yesterday that a settlement had been reached and orders for judgement for some €1.477m each for all five plaintiffs could be entered, on consent, against Mr Doyle.

The plaintiffs had each agreed the advancement of €1m loans to Mr Doyle in November 2006. They claimed the agreement stipulated that they would be repaid the sum, plus interest, by May 2008.

(NS/GK)

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