Courts / Waterford / Report

Hospital consultant who lost Ferrari in McLaren deal resolves action

Summary

A High Court action brought by Dr Eddie O'Donnell, a consultant obstetrician at Waterford Regional Hospital, against Ocean Vehicle Trading Ltd and its director, Oisin Legaspi, has been resolved. Dr O'Donnell alleged that he traded in his Ferrari California to part-finance the purchase of a 2012 McLaren MP4 12C, which he claimed he never received. The failure to deliver the vehicle or provide a refund led to temporary High Court freezing orders preventing the defendants from reducing their assets below €150,000. Counsel for the defendants, Yvonne O'Gara Bl, informed Mr Justice Paul Gilligan that the parties had reached an agreement involving payments to Dr O'Donnell. Consequently, the court struck out the case. The dispute originated in 2013 when Dr O'Donnell purchased the Ferrari from Mr Legaspi. In June, Dr O'Donnell agreed to trade the Ferrari for the McLaren. Although Mr Legaspi assured him the car was en route in August, it never arrived. Dr O'Donnell subsequently discovered the Ferrari had been sold in the UK for €137,300 through a dissolved company. He also found that the defendants' registered address in Sandyford was merely a post box, with no active trade conducted from the location.

Who, what, where, when and why

What: Report matter: Hospital consultant who lost Ferrari in McLaren deal resolves action. Procedural stage: hearing_or_decision

When:

• 2016-11-09 Publication

Case subjects

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report