And on that note it was under the CEO-ship of Mannion that the statement about the "once off payment E104M to end liability" was made. At that point the IASS fund was in the black. EI should have addressed the issue then when it was the 'boom years' and gotten themselves away from it.
A shareholder who invested in the original IPO (and still holds shares) would have a pretty solid case that Aer Lingus misled them in prospectus in relation to that one off and could block any further funds going in or have damages.