Quinn family to sue Drumm over loans of €2.34bn

The family of bankrupt businessman Seán Quinn plans to sue the former Anglo Irish Bank CEO David Drumm and 10 other former Anglo directors.

Quinn family to sue Drumm over loans of €2.34bn

Yesterday, the former billionaire’s family secured leave from the High Court to serve intended legal proceedings on David Drumm in the US.

The Quinns intend to sue Mr Drumm and 10 other former Anglo directors, along with the Central Bank and Department of Finance in their capacity as regulators, over loans of €2.34bn allegedly unlawfully issued by Anglo to Quinn companies during 2007 and 2008.

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