It is not available online but yesterday in the Sunday Independent, Ronald Quinlan reported that NAMA has made a new application to the Connecticut Superior Court against Gayle Dunne (aka Gayle Killilea-Dunne or Gayle Killilea), the wife of developer Sean Dunne (aka “The Dunner” or “The Baron of Ballsbridge). Gayle, who is a former columnist in the Irish Independent, has reinvented herself as a successful residential developer in the north east USA and has been associated with American property transactions, including three where substantial profits were generated from the development of mansions in Connecticut and New York state. It seems a little sexist that she doesn’t have her own sobriquet so how about “The Dunnertrix”
NAMA made the new application on 1st November 2012 and it seemingly is related to the previous application which was withdrawn, according to the Independent, on 31st October 2012. The new application asks the Connecticut court to treat the case as a so-called “complex case” with a requirement for a four-week hearing. We don’t yet have the court documents, so at the moment are relying on the Independent.
It seems from court documents that NAMA has claimed the Dunnes “using the media in Ireland to argue that NAMA cannot prove its case” The article also quotes from the hearing in July 2012 where a clearly exasperated judge rebuked the “evidence” adduced by counsel for NAMA saying “you have me looking at newspaper articles”
It would be comedic if it weren’t for the fact that NAMA has a €185m judgment against Sean Dunne and nearly USD 10m was reportedly generated by companies associated with the Dunnes on three US property transactions. Representatives of The Dunnertrix have said that Gayle has her own money and the Dunnes are rejecting the suggestion that funds were improperly transferred from husband to wife with the intention of putting the funds beyond the reach of creditors. The Dunnertrix has also accused NAMA of undermining her reputation.
We don’t yet know if the Connecticut Superior Court is going to entertain NAMA’s application – certainly the Dunnes are dismissive of NAMA’s actions variously describing them as fishing expeditions and lawsuits about nothing. The US judge rejected an application by NAMA in July 2012 to freeze Dunne assets.