AIB ‘scapegoat’ claim case settled

A SENIOR AIB executive, who alleged he was being made the scapegoat for the bank’s overcharging scandals, will resign following an out-of-court settlement.

Seamus Sheerin, 41, had claimed he was being set up as the fall guy in the €34 million fiasco and sought a High Court injunction to prevent the bank from sacking him over his role in the affair.

After nearly four hours of negotiations yesterday between Mr Sheerin’s legal team and the banks’ lawyers, a settlement was agreed and both sides asked Mr Justice Philip O’Sullivan to have the matter struck out with no further order.