IBRC involved in 840 legal cases at time of liquidation

Finance Minister Michael Noonan has confirmed that the Irish Bank Resolution Corporation (IBRC) was involved in over 800 legal cases when it was put into liquidation.

In a series of written Dáil responses on the liquidation on the former Anglo Irish Bank in February, Mr Noonan said 120 cases were being taken against IBRC at the time of liquidation, with the bank taking 720 legal cases against a variety of defendants.

In response to queries placed by Sinn Féin finance spokesman Pearse Doherty, Mr Noonan said the legal cases taken by the IBRC were being taken against a variety of defendants but primarily against borrowers, former staff and former professional advisors.