The High Court has refused to grant companies linked to Cork developer Michael O’Flynn a punitive costs order against former group employees accused of concealing a lucrative business prospect. Last November, Justice Michael Quinn concluded that former investment director at the group Patrick Cox had secretly diverted an opportunity to build student accommodation in Dublin city centre away from O’Flynn entities in breach of his fiduciary duties. The court made a €11.33 million order against Cox, the son of former MEP and European Parliament president Pat Cox, and his company Rockford. Claims of breach of duty and conspiracy failed against…

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