Monday 5 December 2016

Drumm gets nothing from house sale

Published 20/10/2011 | 05:00

FORMER Anglo Irish Bank boss David Drumm will get nothing from the sale of a US property, a judge confirmed last night.

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A Boston court last night threw out a motion from Mr Drumm where he tried to overturn a ruling that means all $4m (€2.9m) raised from selling a house he owns will go to pay off his debts.

The court dealing with Mr Drumm's bankruptcy rejected a claim by Mr Drumm that some of the funds should go to him because the house in Catham, Cape Cod, is his main residence.

Meanwhile, Mr Drumm has changed his US lawyers.

Irish Independent

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