Courts / Dublin / Report
Two commercial court cases involving publican Frank Gleeson resolved
Summary
Commercial Court proceedings involving publican Frank Gleeson and EMI-MR Investment LLC have been resolved. Mr. Gleeson, the applicant in one set of proceedings, had alleged shareholder oppression in Ardan Advisory Ltd, a company formed from the merger of the Mercantile and Capital pub chains. The other shareholders denied these claims. In a second set of related proceedings, USA-based EMI-MR Investment LLC sought a €4.6m judgment against Mr. Gleeson over 2016 loans used to refinance or purchase the Bottom of the Hill pub in Finglas and his Mulhuddart pub, as well as to buy shares and pay creditors. Mr. Gleeson opposed this action. On Friday, counsel Stephen Dowling BL informed Mr Justice Robert Haughton that both sets of proceedings had been resolved. The matters were adjourned to May 29 for mention only to allow for the implementation of a settlement agreement. Mr. Gleeson's counsel, Padraic Lyons BL, confirmed his client consented to this proposal. No settlement details were disclosed in open court. Separate High Court proceedings brought by Mr. Gleeson to prevent his dismissal as CEO of Mercantile Entertainment Group Ltd remain pending. Last month, he secured a temporary injunction blocking his dismissal or further disciplinary action. Mr. Gleeson holds a 30% shareholding in Ardan Advisory, while the remaining 70% is owned by JT Magen (Capital Bars) LLC and Danu Advisory Partners Ltd.
Who, what, where, when and why
What: Report matter: Two commercial court cases involving publican Frank Gleeson resolved. Procedural stage: hearing_or_decision
When:
- May 29 Adjournment
- 2017-05-05 Publication
Case subjects
Applicant
Outcome: The matters could be adjourned to May 29 next, for mention only, to allow for the implementation of a settlement agreement.
Applicant
Outcome: The matters could be adjourned to May 29 next, for mention only, to allow for the implementation of a settlement agreement.
Places mentioned
- High Court
- Dame Street
- Exchequer Street
- Dawson Street
- George's Street
Topics
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