The courts have been dealing since 2011 with the two separate cases involving the Quinns and IBRC, into which Anglo Irish Bank was nationalised in 2009 after its collapse.Ī source close to the litigation described the bank’s name change as a “masterstroke”. It would also have saved the Quinns a lot of stress and humiliation.

A settlement then would have saved millions of Euro in legal costs for both themselves and the State. He and his four sisters - Aoife, Brenda, Ciara and Colette - were all said to be emotional and in tears when the settlement deal was finally done.Īccording to sources, the Quinns had refused a €20 million settlement offer from a senior IBRC executive some years ago. Few could have foreseen in 2012 another court hearing would have to be deferred because Sean junior was at the birth of his second son or that he would have three children by the time the bitter litigation between the Quinns and State owned Irish Bank Resolution Corporation (IBRC) finally ended today. When his cousin Sean Quinn junior finally purged his contempt, Judge Dunne told him she hoped she had seen “the last” of him. That was the last the court heard from Peter Darragh Quinn. He denied any involvement in contrived bankruptcies of viable companies as part of the asset-stripping but agreed he made a one day trip to Dubai in June 2011 for meetings about setting up a possible trust structure for new Quinn business ventures. He was quizzed about assigning multi-million euro loans for nominal payments of €100 and a range of other actions. That was on the advice of Russian lawyers and the Quinns believed it was better to take a risk with a stranger than get “nothing” from Anglo.Īoife, Brenda, Colette and Ciara, daughters of Sean Quinn.

He said he and Sean Quinn senior signed documents in Russian neither could read, assigning multi-million euro loans of Quinn companies to a former railway worker in Ukraine they had never met.

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