Quinn family’s action against Anglo delayed after fresh developments

The action by the family of jailed businessman Seán Quinn against the former Anglo Irish Bank aimed at avoiding liability for €2.34bn loans has been delayed due to two new developments, the Commercial Court heard yesterday.

The DPP has asked to have the family’s case — listed for Apr 9 — deferred while the Quinns are considering applying to join the Central Bank and the Department of Finance as co-defendants to their case alleging €2.234bn loans were made by Anglo to Quinn companies for the unlawful purpose of propping up the bank’s share price.

The developments were notified yesterday to Mr Justice Peter Kelly who said they meant the trial could not proceed in April. Any move to join the Central Bank and department would “change the whole landscape” of the case, he said.