The legal action by developer David Daly and his family against the National Asset Management Agency over the takeover of loans of €457m has been settled.
The Commercial Court was told by both sides that the case would not be proceeding. No details of the settlement were disclosed.
Mr Justice Peter Kelly was told the case had settled in full against NAMA and had also settled against the State and AIB, except in relation to issues concerning legal costs.
Mr Daly, his daughter Joanne and son Paul were given leave by the court last September to challenge the demand by NAMA to repay the €457m loans.
However, they failed to get injunctions restraining the activities of receivers over their Irish and UK assets.
