David Guinane settles High Court severance payment action

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

David Guinane settled his High Court action over his departure from Permanent TSB, including a claim for severance of more than €866,000, reported on 6 December 2016. The settlement terms were not disclosed. Guinane had alleged breach of contract and denial of fair procedures, while PTSB denied the claims and maintained he received what he was entitled to when made redundant. The proceedings also included claims concerning alleged reputational damage and damages. The case had opened before Ms Justice Leonie Reynolds the previous month and was expected to continue for at least eight days before the court was told it had settled and could be struck out.