Thursday 14 December 2017

Date set for €2bn Quinn row with Anglo

Tim Healy

A DATE has been fixed for next April for the hearing of a legal battle between bankrupt businessman Sean Quinn's family and the former Anglo Irish Bank.

Mr Justice Peter Kelly in the Commercial Court yesterday set a provisional date of April 9, 2013, for the case that could last nine months. But the judge said this date was not set in stone.

The wife of Sean Quinn, Patricia Quinn and her five children deny liability for €2.3bn in loans which they claim were given illegally by the bank to prop up its share value.

The Irish Bank Resolution Corporation (IRBC), formerly Anglo, is pursuing the Quinns for €2.8bn.

IRBC told the court it would be presenting the Quinn family with 60,000 documents connected to the case.

Niall McPartland, representing the Quinn family, asked that a hearing be fixed before the second anniversary of the litigation in May next year.

But lawyers for the bank had asked the court not to fix a date for hearing as there were issues outstanding regarding discovery of documents.

Irish Independent

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