Businessman Michael Lagan initiates new court action against firm he formerly ran with brother
Michael Lagan is taking fresh court proceedings against one of the companies the businessman used to operate with his brother Kevin, the Belfast Telegraph can reveal.
The siblings previously ran the civil engineering and construction empire founded by their father before splitting the businesses in 2004 after a fall-out, resulting in a later court settlement.
The settlement left Michael Lagan leading Lagan Construction Group and Kevin Lagan in charge of Lagan Group.
Now Michael Lagan has brought civil proceedings against Lagan Holdings in a new case, which will be heard in the High Court on April 19.
However, Kevin Lagan is no longer a director of Lagan Holdings.
According to the Northern Ireland Court Service, the defendants in the latest action being brought by Michael Lagan are the named Lagan Holdings bosses Declan Canavan, Edward Jones and Peter Gary Woods, as well as Lagan Holdings Ltd.
Declan Canavan is also a senior director of Lagan Group. However, he resigned as a director of Lagan Holdings last month.
However, the nature of the claim being made by Michael Lagan has not been revealed.
The application has been filed at the High Court under 'miscellaneous' and will be heard in the Chancery Court.
Lagan Holdings Ltd is not a trading company but had been set up after the Lagan Group faced litigation in the Republic over the discovery of pyrite in the foundations of buildings.
Lagan Construction Group last month announced it had appointed administrators to four of its companies.
John Hansen and Stuart Irwin of KPMG are now administrators of Lagan Construction Group Holdings Limited, Lagan Construction Group Limited, Lagan Water Limited and Lagan Building Contractors Limited.
Lagan Construction Group had been the firm involved in the joint venture construction of Ulster University's new £250m Belfast campus. However, work has stopped on the site following the administration.