US carrier Frontier Airlines has claimed that assets belonging to Dublin-based aircraft lessor AMCK were “raided” as part of a $4bn (€3.9bn) takeover of the firm so that the Irish unit would render itself “judgment-proof” if it loses a $53m (€52m) lawsuit taken against it in 2020 by the Colorado-based airline.
Irish distribution giant DCC “weaponised” its internal audit team to find ways to reduce earn-out payments due following its multi-million dollar acquisition of US firm Stampede, the former owners of the New York-based company claim.
Silver Stream Healthcare Group, one of Ireland’s largest providers of residential care for older people, is to open three new nursing homes – which will create over 500 full-time permanent roles.
