DAF Trucks dispute: Director prevents board removal as legal battle rumbles on
A company director in a Co Cork company that sells DAF-branded trucks has succeeded in preventing his fellow shareholders from removing him from the firm’s board pending the conclusion of ongoing “hard-fought” oppression proceedings. The action to prevent his removal as a director was taken by Patrick Ferriter, a director of DAF Truck Services (Cork) Ltd for 40 years and a 30 per cent shareholder in the business. Ferriter and his son Stephen, a former managing director of the business, have been suing the company for shareholder oppression since 2022 but their main action is not due to begin until…
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