Anglo rejects Drumm settlement offer

ANGLO Irish Bank has rejected proposals from former CEO David Drumm aimed at settling its action against him over unpaid loans of more than €8 million, the Commercial Court heard yesterday.

Anglo rejects Drumm settlement offer
Tue, 20 Jul, 2010 - 01:00
Vivion Kilfeather

The bank declined Mr Drumm’s offer but made a counter-proposal to him on July 14, Mr Justice Peter Kelly was told by Barry O’Donnell, for Anglo.

Unless something came from that counter-proposal, the action against Mr Drumm should proceed in October, he added.

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CourtsPlace: AbbingtonPlace: MalahidePlace: Cape CodPlace: USPerson: DrummPerson: David DrummPerson: Peter KellyPerson: Barry O’DonnellPerson: Declan McGrathPerson: O’DonnellPerson: CEOPerson: AngloPerson: LorraineOrganisation: AngloOrganisation: Anglo Irish BankOrganisation: Commercial Court
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