Saturday October 31, 2020

FitzPatrick court case set to delay IBRC legal battle

The state hopes to have the former Anglo Irish Bank's €50m court action against Ernst & Young deferred pending the outcome of criminal proceedings against Sean FitzPatrick.

23rd December, 2012
Former Anglo chairman Sean FitzPatrick leaving court last Friday after he was granted bail on charges of making false statements to the bank's auditors between 2002 and 2007. Photo: Courtpix

The state will seek to have the former Anglo Irish Bank's €50 million court action against Ernst & Young deferred pending the outcome of criminal proceedings against the bank's former chairman, Sean FitzPatrick.

The Irish Bank Resolution Corporation (IBRC) is suing Ernst & Young, Anglo's former auditor, over its alleged failure to uncover the repeated transfer of loans taken out by FitzPatrick to Irish Nationwide ahead of Anglo's financial year end.

However, following FitzPatrick's arrest...

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