Quinn Insurance seeks to fast-track action

The administrators of Quinn Insurance are taking steps aimed at securing an urgent hearing of their action against the group’s former auditors, Pricewaterhouse Cooper, the former auditors of the failed company.

Quinn Insurance seeks to fast-track action

The action will allege professional negligence against PWC in relation to two matters — guarantees given by Quinn Insurance over loans to bankrupt businessman Seán Quinn and his family which allegedly resulted in its collapse and issues concerning the adequacy of its reserves.

The president of the High Court, Mr Justice Nicholas Kearns, was told yesterday by Bernard Dunleavy BL, for the joint administrators, they intended to proceed with their action.

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