Judge needs more time for Drumm ruling

A HIGH Court judge hopes to give a decision soon on whether to grant an order to assist a US official administering the bankruptcy proceedings of former Anglo Irish Bank chief executive David Drumm.

Ms Justice Elizabeth Dunne yesterday said she needed time to consider whether to grant an “order in aid” of those proceedings whereby all of Mr Drumm’s creditors will be entitled to join in the distribution of his assets.

The application was brought yesterday on behalf of Kathleen Dwyer, the US Bankruptcy Trustee dealing with Mr Drumm’s case in Massachusetts. Mr Drumm filed for bankruptcy there in October.