The legal stand-off between the Irish Farmers Association (IFA) and its former General Secretary Pat Smith has concluded, with a settlement being reached between the parties.
It is reported that the settlement comprises €350,000 for defamation and a €1.55m severance package.
In an agreed statement read out in the High Court, it was stated: “IFA and Pat Smith confirm that both sets of legal proceedings taken by Mr Smith, namely the action for breach of contract in relation to the terms of his departure from the IFA and a separate defamation action relating to statements and comments made subsequent to his departure, have been settled.
“Mr Smith was employed by the IFA for more than 26 years and was chief executive for nearly seven years until his employment terminated by agreement in November 2015.
“IFA accepts that Mr Smith was a highly effective, hardworking and dedicated executive of the association who provided solid and professional leadership for farmers and the association.
“IFA accepts that it made certain statements in the media at the time which were defamatory of Mr Smith and regrets the damage caused to his reputation.
“IFA wishes Pat Smith and his family the very best for the future.”