Thursday January 23, 2020

Ex BoI director settles vulture fund action over €2.8m debt

2nd June, 2019
Former Bank of Ireland business chief Mark Cunningham

Former Bank of Ireland business chief Mark Cunningham says he has settled an action brought by an affiliate of US vulture fund Cerberus, alleging he defaulted on a €2.8 million debt.

The action was taken by Everyday Finance against Cunningham and his wife arising from two AIB loan facilities dating back to 2010.

A case was also lodged against Cunningham’s mother, Eithne Cunningham, in respect of her alleged position as loan guarantor for the sum of...

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