High Court approves costs for Quinn administrators

The High Court has approved the costs to date incurred by the two joint administrators appointed the to run the Quinn Insurance group.

Michael McAteer and Paul McCann of Grant Thornton, who were appointed by the Financial Regulator last March, sought the approval of the costs of some €565,000 for their work between March 30 2010 and April 30 2010 and want liberty to invoice the company monthly up to the end of July in respect of their remuneration for sums not exceeding €1.8m.