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Irish Independent
9 minutes ago
- Irish Independent
JP Magnier handed €50k in brown' envelopes to estate agent in Tipperary land sale, High Court hears
The High Court has heard that billionaire bloodstock magnate John Magnier's son, JP, handed over two "brown" envelopes containing a total of €50K in cash to an estate agent involved in a failed €15m property deal which were delivered to the beneficiaries of the estate as a show of "appreciation". The court also heard that a solicitor involved in the proposed conveyance of Barne Estate, Co Tipperary, the subject of a legal action by John Magnier - who alleges a €15m deal was reneged upon by the vendors - has told the High Court that an agreement was in place between the parties before an exclusivity document was signed. Joseph Fitzpatrick, of Smithwick Solicitors, was giving evidence in the hearing today and told counsel for the Barne Estate that he secured an exclusivity agreement signed by both sides to run from August 31 to September 22 after hands were allegedly shaken on the deal. Lawyers acting for Mr Magnier, founder of the world-famous Coolmore Stud, have claimed before the High Court that a US-based construction magnate, Maurice Regan, the preferred buyer, engaged in a "full-frontal assault" on Mr Magnier's claimed deal to buy the 751-acre tract. Mr Magnier's proceedings claim that Barne Estate reneged on the alleged deal, preferring to sell the land at the higher price of €22.25m to Mr Regan, the founder of the New York building firm JT Magen. Mr Magnier – along with his adult children - wants to enforce the alleged deal. The Magnier side says the deal was struck at an August 22, 2023, kitchen meeting at Mr Magnier's Coolmore home. They also claim an exclusivity agreement that was in effect from August 31 to September 30 stipulated that the estate would not permit its representatives to solicit or encourage any expression of interest, inquiry or offer on the property from anyone other than Mr Magnier. Barne Estate has been held for the benefit of Richard Thomson-Moore and others by a Jersey trust. The Magnier side has sued the Barne Estate, Mr Thomson-Moore and three companies of IQEQ (Jersey) Ltd group, seeking to enforce the purported deal, which they say had been "unequivocally" agreed. The Barne defendants say there was never any such agreement, as they needed the consent of the trustees to finalise any agreement and subsequently they preferred to sell the estate to Mr Regan. Mr Regan is not a party to the case. Mr Magnier's son, JP, told Paul Gallagher SC, for the Magnier side, that his father asked him to get €50k in cash on September 8, 2023, and to put it into two envelopes to be given to the Thomson-Moores. He said the money was an "appreciation" for letting the Magnier side onto the Barne land, for their loyalty in honouring the deal and because they were allegedly "cash strapped". JP Magnier said he put the money into two envelopes and gave it to the estate agent at Barne Estate for them to be passed on to the Thomson-Moores. On September 11, 2023, however, he said the estate agent met with JP Magnier and "pushed" the envelopes in his direction, saying that the Thomson-Moores were concerned that their farm manager may have seen the original transaction. Niall F Buckley SC, for the Barne side, asked what colour the envelopes were and was told by JP Magnier that they were brown. Mr Buckley put it to JP Magnier that the envelopes were to keep the Thomson-Moores "sweet", as John Magnier was concerned they were going to pull out of the deal. JP Magnier said his father never said that to him. "I take it you didn't ask for a receipt?" asked Mr Buckley. JP Magnier replied: "No." "Doesn't that say it all," remarked Mr Buckley. "Knowing what you did about my clients' family circumstances and the need for them to provide for their child and given the vast amount of land you have, did it ever occur to you to let this one go?" "It wouldn't be my call," said JP Magnier. Mr Fitzpatrick told Martin Hayden SC, for the Barne Estate, that the exclusivity agreement was not to further any negotiation but to keep the "status quo" of the alleged sale agreement in order to further the preparation and receipt of the contracts. "Exclusivity was not for negotiations going forward but to facilitate the contract," said Mr Fitzpatrick. Mr Fitzpatrick said Mr Magnier had deposited €15M in the Smithwicks' client account before any purported contract was signed in order to "show good faith". However, a week before the exclusivity agreement expired, the Thomson-Moores said they were taking tax advice, he said. "We invited them to a meeting and that was refused, then the extension of the exclusivity was refused. It was clear they had no intention of signing with us and were running down the clock," said Mr Fitzpatrick. The case continues in two weeks' time before Mr Justice Max Barrett.
Irish Times
21 minutes ago
- Irish Times
Keelings worker fired over claims regarding dead co-workers
The Keelings fruit and vegetable group sacked a warehouse worker after deciding he had brought the company into disrepute with 'false' posts on social media claiming excessive night work hours contributed to the deaths of two of his colleagues in 2013, a tribunal has heard. The worker, Rudolf Csikos, lost his job of 16 years with the north Co Dublin produce firm last December, and is pursuing a number of employment rights complaints against Keelings Logistics Solutions. The company maintains it was justified in dismissing him on the grounds of gross misconduct after an investigation which concluded he had 'acted recklessly by publishing false and misleading information' implying that Keelings was 'responsible for the deaths of two colleagues as a result of excessive working hours'. The LinkedIn posts were made amid a long-running legal row between Mr Csikos and his employer over alleged breaches of working time legislation. READ MORE A statutory complaint under the Organisation of Working Time Act originally filed in late 2019 by Mr Csikos remains live over five years later. Having been rejected as 'vexatious' by the Workplace Relations Commission (WRC), that ruling was quashed by the Labour Court on appeal and referred back to the WRC. In addition to a dispute over the payment of a Sunday premium, which Keelings maintains is covered by a collective agreement, Mr Csikos has alleged the company failed to comply with its legal obligations on the employment of night workers such as himself. 'The night working hours was breached by the company, and that's why it caused the people to die,' Mr Csikos said via a Hungarian-language interpreter at an initial hearing last week. When adjudicator Brian Dalton pointed out that Mr Csikos was not medically qualified and there was no medical evidence before him, Mr Csikos said his assertion was that there was a 'possibility'. The company's representative, Emily Maverley of the Irish Business and Employers' Confederation (Ibec), said the Keelings workers referred to by Mr Csikos in his posts 'passed away, unfortunately, in 2013', some 11 years before the posts. Giving evidence last week, company disciplinary officer Alan Morrissey said the posts were 'damaging to the Keelings name, and our customers and other stakeholders'. 'There was no going back. I asked Rudolf did he think he made a mistake. He was quite happy in what he said and did,' he said. Asked whether he was aware of the allegations Mr Csikos had aired about his working hours, Mr Morrissey said he didn't 'get into it', but said he believed Mr Csikos had referred to the posts as a protected disclosure. Lauren O'Brien, head of people for Keelings Logistics, said at an earlier hearing in the case last week that she was 'concerned' after seeing the first post, which the tribunal heard Mr Csikos posted on LinkedIn at the end of October 2024. 'It was seriously defamatory to several ex-colleagues, accusing us of being responsible for the deaths of two colleagues,' Ms O'Brien said. At a hearing on Thursday, the company investigation officer, Damien O'Brien, noted in his report that Mr Csikos continued to allege Keelings had broken the law and maintained his comments 'were not false' when they met on an unspecified date last year. He quoted Mr Csikos as saying: 'How many more people need to die?' and said Mr Csikos was 'consistent that his beliefs are honestly held' and that it was 'not the first time he has raised these concerns'. Mr Csikos, cross-examining Mr O'Brien, asked: 'Why did he not say that Keelings is keeping according to the law and is making progress to keep the law and do things according to the regulations?' Mr O'Brien replied: 'My objective was to investigate the two posts.' Mr Dalton said: '[Mr Csikos] is claiming two workers died. That's not something [the witness] could exercise any role in.' Mr Csikos said: 'In my opinion, it was that if the working hours are breached and the health and safety regulations are breached, we can draw a conclusion.' 'We have no conclusion on that, and that doesn't follow, because [Mr Csikos] is not medically qualified. We have no evidence that there's a correlation between the [alleged] breach and what he says has happened. He may speculate, and he may have an opinion. He cannot use this forum as an opportunity to make outlandish allegations,' Mr Dalton said. Mr Dalton said the matter was at an 'impasse' without further submissions being made to him about the company's working time records. He adjourned the matter and said he would seek a further hearing date in July. In addition to the original Organisation of Working Time Act claim, Mr Csikos's further complaints are under the Minimum Notice and Terms of Employment Act 1973, the Unfair Dismissals Act 1977 and the Protected Disclosures Act 2014 against the company, arising from his dismissal.
Business Post
27 minutes ago
- Business Post
US trade deficit plummets in April
US President Donald Trump has said he is 'very disappointed' following Elon Musk... Corporation tax receipts dropped 30 per cent in May amid major uncertainty arising... Solidroad, an Irish start-up founded by former Intercom employees, has raised $6.5... TikTok has been granted a temporary pause on a decision by the Irish Data Protection... DUBLIN The Iseq All Share closed in the green Thursday evening, up nearly 2 per cent... US stocks edged higher on Thursday after the call between US President Donald Trump... Money20/20 – which bills itself as the world's 'leading, premium content, sales...
