Persona and Sigma Wireless await ruling on funding deal

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

Persona and Sigma Wireless await a High Court ruling on their third-party litigation funding arrangement, following a hearing on 19 May 2015. The companies are seeking damages over the awarding of the State’s second mobile phone licence in 1996.

The plaintiffs said Harbour Litigation Funding was prepared to finance the case for a share of any proceeds. The State argued that the agreement should be disclosed, while the plaintiffs claimed it was protected by litigation privilege. Justice Aileen Donnelly reserved judgment after hearing substantial legal arguments.

This report covers an earlier stage of the case. Later developments are not reported here.