Lawyers say family wants to deal with bank

Seán Quinn Jr walked free from the Four Courts yesterday as the High Court heard bankrupt billionaire Seán Quinn Sr wants to co-operate with the former Anglo Irish Bank and purge his contempt.

Lawyers for the father and son said Mr Quinn Sr had “firmly instructed” he wanted to co-operate and purge his contempt.

But counsel for the IBRC, formerly Anglo, contended the Quinns were “still not disclosing what they have done” and argued actions were continuing to be taken which could lead to assets being “lost irretrievably”.