A settlement could be reached next week of the marathon case by Sean Quinn’s five adult children challenging the validity of securities provided by them for hundreds of millions of euro in loans advanced by Anglo Irish Bank to Quinn companies.
Sean Quinn’s family used the Quinn group as their “personal bank” from which they extracted some €1.95bn to fund their personal lifestyles, property acquisition and significant losses, the High Court has been told.
A dispute between Traveller families over who won an organised 13-minute long ‘fair fight’ between two men quickly erupted into a ‘ferocious encounter’ at a halting site where a number of petrol bombs were thrown and other weapons were used.
Complaints by Sean Quinn Junior and his wife Karen Woods about a recent failure to pay some of their €100,000 annual living expenses should be seen in the context of a “scheme of misappropriation on a grand scale”, the High Court has been told.
And then there were two. The death of Fr Peter Quinn is the removal of another link to Mayo’s back-to-back All-Ireland winning side of 1950 and ’51. Now only two remain — full-back Paddy Prendergast who lives in Tralee, and centre forward Padraig Carney, a doctor in the US.
The family of businessman Seán Quinn want to amend their case against the State-owned IBRC to allege they were innocently unaware, when signing share pledges and guarantees as security for €2.34bn loans from Anglo Irish Bank to Quinn companies, that security was allegedly for the unlawful purpose of propping up the bank’s share price.
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.
The family of businessman Seán Quinn cannot rely on alleged illegality by the former Anglo Irish Bank as part of their case denying liability for €2.34bn in loans to Quinn Group-related companies, the Supreme Court ruled.
The High Court has backed a computerised searching method to assess the relevancy of more than 680,000 electronic documents for a case alleging businessman Seán Quinn and members of his family conspired to wrongfully convert €455m worth of a bank’s assets.
A judge will rule later on an application by members of the family of businessman Sean Quinn for orders permitting them cross-examine Irish Bank Resolution Corporation special liquidator Kieran Wallace regarding claims they may be hiding up to €500m undisclosed assets from the bank.
A High Court judge has made orders requiring members of bankrupt Seán Quinn’s family to disclose thousands of documents to a team appointed by a receiver for a decision on whether they are relevant to the Quinns’ assets and tax affairs.
Members of bankrupt businessman Sean Quinn’s family are not entitled to better disclosure of documents and materials by a bank they are suing over the alleged unlawful issuing of €2.3bn in loans to family companies, a High Court judge ruled.
The family of bankrupt businessman Seán Quinn are the “only innocent victims” in a case being brought over their alleged liability for €2.34bn in loans issued by the former Anglo Irish Bank, counsel for the Quinns told the Supreme Court yesterday.
The Quinn family may seek to cross-examine IBRC special liquidator Kieran Wallace about the manner in which the commercial court was told of proceedings taken in the US and UK following allegations by unidentified “informants” the family may be hiding up to €500m in undisclosed assets.
The Quinn family are concerned to ensure a dispute over the method of analysing 700,000 documents for Irish Bank Resolution Corporation’s action against members of the family does not delay their own action against the bank aimed at avoiding liability for some €2.34bn loans, the Commercial Court has heard.
Irish Bank Resolution Corporation wants to use a US-style form of technically assisted discovery to analyse the relevance of almost 1.75m documents for its action alleging members of the Quinn family conspired to put valuable assets beyond its reach.
An action by the family of bankrupt businessman Seán Quinn against the Central Bank, finance minister, and 10 former board members of Anglo Irish Bank for multimillion-euro damages over an alleged conspiracy to unlawfully shore up the share price of Anglo is to be fast-tracked by the Commercial Court.