Thursday February 20, 2020

‘An unconscionable bargain’: Quinn heirs sue

In what looks set to be one of the longest court cases in Irish history, Sean Quinn’s children are chasing the former Anglo for alleged negligence and breach of trust in using their funds to cover its own financial crisis

17th March, 2019

Former billionaire Sean Quinn put all his eggs in one basket when he gambled on contracts for difference (CFD) and invested almost exclusively in Anglo Irish Bank, the Commercial Court heard last week.

“Except they weren’t his eggs,” senior counsel Bernard Dunleavy explained as he opened up what promises to be one of the longest court cases in Irish history. Quinn had, in fact, gambled on his children’s property and future, the court heard....

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