Quinns to sue Drumm

The family of businessman Sean Quinn has been given permission by the High Court to serve legal proceedings on former Anglo Irish Bank CEO David Drumm in the United States.

The family of businessman Sean Quinn has been given permission by the High Court to serve legal proceedings on former Anglo Irish Bank CEO David Drumm in the United States.

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

Patricia Quinn and her children claim Drumm was, between 2004 and 2008, directly involved in, and played “a leading role” as CEO, in the alleged actions of Anglo.

The Quinns are claiming damages against all directors for alleged conspiracy, breach of duty including statutory and fiduciary duties, negligence, and misfeasance in public office.

The Quinns intend to consolidate this with their existing proceedings against IBRC.