Quinns allowed to proceed with claims

A High Court judge has permitted the family of businessman Sean Quinn to proceed with claims in their forthcoming legal action that €2.34bn loans by Anglo Irish Bank to various Quinn companies were made for the unlawful purpose of propping up the bank’s share price.

However, the Quinns cannot continue to pursue those aspects of their claim alleging the loans are unenforceable, Mr Justice Robert Haughton ruled.

He was making final directions concerning management of the hearing, due to open on June 3, of the action by Patricia Quinn and her five adult children aimed at avoiding liability for the €2.34bn loans.