Limerick developer Mick Daly is telling the High Court he can’t afford representation and wants legal aid. This gives him something in common with the scumbag drug dealers who daily laugh at our courts and our society, except that the drug dealers destroy lives, while property developers …
Ok. Let me think about that.
Mick, you might recall, is one of the people behind the Riverpoint development in Limerick — a vanity project designed to massage the egos of the people who raised the funding for it. Riverpoint replaced another vanity project, erected by a buffoon known as Chevalier Sheahan, a man who pretended to be an architect but who was, in reality, an utter fraud, well connected with the church. Sheahan’s erection was designed by a cut-price Hungarian architect on the run from the Commies, and was exactly as you’d expect: a horrible Soviet panelak.
Mick, an accountant somehow gained access to almost unlimited credit from the worst bank in the world, Anglo.
Like any Limerick gobshite unused to the high life, Mick was clearly flattered by Seánie Fitz, the high-flying spiv who extended such credit to him and he duly rolled over to have his belly tickled.
Happy days. It was a long way from the Christian Brothers in Sexton Street for Mick.
Mick set up a company called Fordmount, and was joined by solicitors Dermot O’Donovan, Adrian Frawley, Michael Sherry and Tommy Dalton, who all became partners. In a fit of hubris, the five lads decided they were Masters of the (Limerick) Universe, and eventually ran up a debt of about €200 million to the worst bank in the world.
Two hundred million euros.
Wouldn’t you love to have these lads advising you when you buy a house?
Two hundred million euros.
Some of the lawyer lads were in court recently and claimed they didn’t understand that their loan guarantees were legally binding.
A signature on a contract might not be binding, according to these razor-sharp legal ninjas.
As I said, wouldn’t you love to have these lads advising you?
The Riverpoint building itself is fine piece, if only its construction hadn’t overwhelmed the small contractors who contributed their time, money and materials, thereby permanently ending their businesses and destroying lives. But apart from that, it’s a fine building.
And they certainly did some fine work around the city, including the redevelopment of Bedford Row. Their vision of the New Brutalism, dwarfing the human being beneath a massive money mountain was certainly in keeping with the tiger zeitgeist. Come to think of it, the human being is still crushed by the tiger created by such inflated ego. And the human being’s children, and grandchildren, as we pay the debts created by the worst bank in the world. Fordmount’s bank.
I’ve always wondered about company names. Where did they get the name Fordmount? That’s just an idle thought in passing.
Irish solicitors have never been noted for lacking a hard neck, and DG O’Donovan are no exceptions. It’s true that they don’t own flats occupied by drug-dealing junkies, like another prominent Limerick solicitor, but they did apply to become solicitors to Nama, despite being part of a scheme that embodies everything dysfunctional about Irish property development. These people do not understand the concept of embarrassment.
Tommy Dalton has agreed that he owed €21 million or thereabouts, but the rest of the legal lads are still fighting the bill. After all, it’s a lot of dosh. Maybe they should ramp up the old legal aid work and start to rake in the cash like Ted and Johnny, our local free-legal-aid defenders. Tommy won’t be long paying off the bank if he recruits enough knackers to represent, and it’s not as if he’d have to fight the cases. From what I hear, Devane hasn’t fought more than a handful of cases in the last few years. Mitigation is the name of the game.
Maybe the rest of the partners could learn something from Ted and Johnny.
Maybe Mick Daly and DGOD Partners could go to the High Court and claim to have a difficult childhood. Maybe they could tell the court they had an addiction problem.
They could hire Devane, the People’s Lawyer.
Judge, I know they owe the debt, but perhaps the court could take into account their difficult past, and in particular their severe addiction to money. They ran into a money-pusher called Fitzpatrick and he handed out the first fix free.