A filing in the High Court reveals the case was struck out on Monday. Neither side has revealed the terms of the settlement, which is believed to have involved both sides picking up their own costs.
The troubled French-headquartered nursing home giant is accused of knowingly and deliberately suppressing profits after acquiring Fetherston's nursing home chain to avoid a €7 million payout. It denies the allegations.
K Club owner Michael Fetherston claims care giant Orpea has suppressed earnings to avoid paying him a €7 million performance fee arising from its takeover of his TLC chain of nursing homes.
The scandal-struck private care group is being sued by K-Club owner Michael Fetherston, who sold his TLC Nursing Homes business to the multinational in a deal north of €100 million.
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