McDonagh brothers lose appeal over €22m loan judgment

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

Brian, Kenneth and Maurice McDonagh lost their appeal over a €22m judgment for unpaid loans in the Court of Appeal. The proceedings were reported on 6 April 2022. The loans funded the purchase of an 80-acre site in Kilpedder, Co Wicklow, earmarked for a data centre that was never built.

The High Court had granted summary judgment against the brothers in 2020. They argued on appeal that a settlement with CBRE, under which the firm agreed to pay €5.3m to their loan account, affected their liability; the Court of Appeal rejected their appeals and declined to set aside the judgment.