herald

Sunday 19 August 2018

Court to rule on bankrupt Quinn

THE Commercial Court is being asked to decide if Sean Quinn should continue to take part in proceedings being taken by his family.

Mr Quinn's wife, Patricia, and five adult children claim they are not liable to repay more than €2bn in loans from the former Anglo Irish Bank.

They say the loans were given for the illegal purpose of manipulating Anglo's share price.

Mr Quinn and two other former directors of the Quinn Group were joined as third parties to the action by the Irish Bank Resolution Corporation, formerly Anglo.

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