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22/01/2009
Anglo Investors To Sue As Bankers Cut And Run
It has emerged that Anglo Irish Bank stakeholders will attempt to sue the bank and its senior management following revelations over its concealment of loans.
It is believed the bank and its former executives are likely to be sued for breach of confidence and trust, fraud and negligent misrepresentation.
Controversy has plagued the bank after the dramatic collapse in its share price and the 'jumping of ship' by four of its top executives.
Irish Nationwide Building Society is also being sued, along with its auditors KPMG and Ernst & Young, and Anglo Irish Bank’s auditors.
The four former directors of the bank are also expected to face legal actions for alleged breach of fiduciary duty by acting against the interests of shareholders
the Oireachtas Committee on Economic Regulatory Affairs was told last week that the bank's disgraced ex-Chairman, Seán FitzPatrick, had concealed loans exceeding €87 million over an eight-year period.
One shareholder of the bank, a senior counsel, has already lodged papers in the High Court suing the bank as a corporate entity.
Monday’s ship jumping by the entire Anglo Irish board, along with the retirement of Bank of Ireland boss Brian Goggin, is believed to be the start of a banking board exodus as administrators move in.
(DW/BMcC)
It is believed the bank and its former executives are likely to be sued for breach of confidence and trust, fraud and negligent misrepresentation.
Controversy has plagued the bank after the dramatic collapse in its share price and the 'jumping of ship' by four of its top executives.
Irish Nationwide Building Society is also being sued, along with its auditors KPMG and Ernst & Young, and Anglo Irish Bank’s auditors.
The four former directors of the bank are also expected to face legal actions for alleged breach of fiduciary duty by acting against the interests of shareholders
the Oireachtas Committee on Economic Regulatory Affairs was told last week that the bank's disgraced ex-Chairman, Seán FitzPatrick, had concealed loans exceeding €87 million over an eight-year period.
One shareholder of the bank, a senior counsel, has already lodged papers in the High Court suing the bank as a corporate entity.
Monday’s ship jumping by the entire Anglo Irish board, along with the retirement of Bank of Ireland boss Brian Goggin, is believed to be the start of a banking board exodus as administrators move in.
(DW/BMcC)
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22 March 2013
Fitzpatrick Trial Unlikely Before 2014
The trial of former Anglo Irish Bank chairman Sean FitzPatrick is unlikely to happen before the end of 2014. The 64-year-old is facing a total of 12 charges in connection with financial irregularities at the bank over a six-year period. He has yet to enter a plea.
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The trial of former Anglo Irish Bank chairman Sean FitzPatrick is unlikely to happen before the end of 2014. The 64-year-old is facing a total of 12 charges in connection with financial irregularities at the bank over a six-year period. He has yet to enter a plea.
22 September 2010
Bankruptcy Proceedings Resume For Ex-Anglo Chief
Proceedings over the Bankruptcy of former Anglo Irish Bank chairman Sean FitzPatrick are to resume at the High Court today. According to reports this morning, Mr FitzPatrick's entire assets will be sold before the proceeds are given to debtors, banks and the Revenue Commissioners.
Bankruptcy Proceedings Resume For Ex-Anglo Chief
Proceedings over the Bankruptcy of former Anglo Irish Bank chairman Sean FitzPatrick are to resume at the High Court today. According to reports this morning, Mr FitzPatrick's entire assets will be sold before the proceeds are given to debtors, banks and the Revenue Commissioners.
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Ireland WeatherToday:A dry and sunny start but cloud bubbling up with a few showers developing from late morning. Becoming dry and sunny along the east coast in the afternoon. Maximum temperature 12 °C.Tonight:Showers gradually die out to leave good clear spells in the evening and overnight. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
