John Lally ordered to pay €8.7m judgment in High Court

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

John Lally was ordered to pay €8.7 million in the High Court, reported on 20 July 2017. The judgment followed Seaconview Designated Activity Company’s claim over guarantees linked to loans advanced to Brackville Holdings Limited for Dublin property acquisitions.

Mr Justice Max Barrett held that Seaconview was entitled to summary judgment after rejecting arguments that the case required a full hearing. The fund claimed the outstanding sum represented interest under an agreement Mr Lally made after Brackville received €82.5 million in lending.