The Court of Appeal has urged IBRC to mediate its negligence claim against former Irish Nationwide boss Michael Fingleton. But first the case will have to be reconstituted as the 84 year old is no longer fit to instruct his legal team.
Former Nationwide boss Michael Fingleton is trying to collapse IBRC's €6 billion negligence suit against him on grounds of ill health. Now the bank's special liquidators have lodged a new claim against the retired banker and his wife.
It took more than a decade. But this morning the liquidators of Irish Bank Resolution Corporation settled its action against former Anglo Irish Bank director Tom Browne.
The collapsed lender is pursuing one of its former executives for tens of millions of euro in old loans. But Tom Browne is fighting back claiming Anglo's failure to disclose Sean Quinn's large CFD stake in the bank in 2007 renders the facilities invalid.
The former Anglo Irish Bank obtained startling evidence that helped force the Quinn family settle their mammoth dispute with the bank last year. That evidence has never been made public. Until now.
New documents show that Paddy McKillen has brought a counterclaim for damages against IBRC, alleging his character and reputation have suffered in the fallout from the Maple scheme.
As chair of the bank that seized Sean Quinn’s empire, Alan Dukes saw threats and intimidation first-hand. He recalls how the Quinn empire was lost, and speaks out at the lack of action on the attacks on QIH executives.
Since the slow, sad demise of his empire began more than a decade ago, Sean Quinn has been battling adversaries – both at home and abroad. Yet, few have troubled or disturbed the industrialist quite like his local parish priest.
Cutting deals with shady figures and shadowy firms. Following a global trail of offshore shelf companies. The story of how IBRC forced the Quinn family to surrender has never been told. Until now.
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