A SETTLEMENT has been reached in a High Court dispute between members of Irish rock band LiR and their former manager over alleged financial losses resulting from the cutting short of a US tour in 1995.
The band’s former manager, David Reilly, had claimed he and his management company, Muchwood Ltd, were owed between €300,000 and €350,000 arising out of the ill-fated tour.
He had sued the road manager for the tour, Mick Spain, and band members David McGuinness, Robert Malone, Craig Hutchinson, Colm Quearney and Ronan Byrne over alleged breach of contract by cutting the tour short.
Mr Reilly claimed he spent large amounts of personal funds, including money from the sale of an apartment, to fund the tour but lost those funds as a result of the defendants’ breach of contractual obligations.
The defendants denied the claims and contended Mr Reilly and his company failed to discharge their obligations under the contract.
On the second day of the case in the High Court yesterday, and following the sides being again urged by Mr Justice George Birmingham to consider mediation, the court heard that the matter had been settled.
Patrick Keane, for the band, told the judge the proceedings could be struck out with no order as to costs. The details of the settlement were confidential, it was said.
Mr Justice Birmingham congratulated everyone involved in reaching the settlement and said they had behaved with “admirable common sense”.