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Quinns in legal bid against Anglo Irish Bank

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Sean Quinn

Sean Quinn

Sean Quinn

The family of former tycoon Sean Quinn has begun a legal action seeking hundreds of millions of euro in damages against Anglo Irish Bank.

A High Court case taken by the family in Dublin is expected to hear details of how they set up six companies in Cyprus.

The Fermanagh-born businessman’s wife and five children are suing Anglo Irish Bank over alleged negligence, breach of duty and intentional and/or negligent infliction of economic damage.

The damages claim arises from events of the past two years that led to the family losing control of the Quinn Group of businesses and is believed to amount to a claim for hundreds of millions of euro.

In proceedings against Anglo and receiver Kieran Wallace, the family is seeking to overturn the appointment of Mr Wallace by Anglo as receiver over shares held by them, on April 14.

The Quinn family owe Anglo €2.88bn.

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