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 loans advanced byThe five dispute claims they are liable for some €410 million, €82 million each, under guarantees.
After this week’s ruling, the judge was told that talks were continuing between the sides and he adjourned the hearing to facilitate those. Mr Justice Robert Haughton was asked by Barry O’Donnell SC, for IBRC, to adjourn a directions motion due to the continuing “intensive” discussions in the children’s separate case. The judge agreed to do so.
Their case is against IBRC, into which Anglo was nationalised following its collapse, and a receiver appointed over share charges.
Which one of them had the one million euro wedding?
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Source: IrishTimes - 🏆 3. / 98 Read more »