Maurice Regan’s building firm could face $20m claim over US fraud ruling

New York court ruling relates to row over payments for work JT Magen carried out on a high-profile Manhattan building

Maurice Regan's firm has been found to have committed fraud

Fearghal O'Connor

The construction firm owned by high-rolling Kerryman Maurice Regan — who recently pipped John Magnier to the post with his €22m purchase of the luxury Barne Estate in Tipperary — has been found to have committed fraud and falsified records in a row in which it is embroiled in New York. ​

Just months after outbidding Magnier with his Barne purchase, Regan’s giant building firm JT Magen now faces potential damages of at least $20m (€18.5m) in a row over payments for work it did on a high-profile Manhattan building.