Interesting story in the Evening Herald.
Fianna Fáil councillor sued
Originally Posted by Jane Last
On Monday, it emerged that the councillor, along with the senior Offaly GAA football team manager Richard Connor, is being sued over "secret profits" of several million euro allegedly made by them from a number of land deals. The case was admitted by Mr Justice Peter Kelly to the Commercial Court and proceedings are being brought against Ger Killally and Richard Connor, practising as Gerard Killally Auctioneers.The plaintiffs are seeking damages against them for alleged negligence, misrepresentation, breach of duty, breach of contract and are also seeking an inquiry for damages for the alleged unjust enrichment. One of the claims relates to the Daingean Road Partnership formed in 2005 between Mr Guing, Mr Lawlor and the defendants to acquire and deal in lands at Cappincur, Tullamore. It is claimed the partnership was to acquire those lands for €6.5m from another party and that the partnership was told this was the best price available.
It is alleged that the defendants did not disclose they had an interest in the transaction and had concealed the true nature of the transaction.
A series of secret transactions were procured by the defendants whereby the lands were first sold for €5m, leaving the defendants making a secret profit of €1.5m in relation to that transaction, it has been alleged.



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