Former Quinn directors could face reckless trading action
Quinn Insurance’s former directors could face legal action for reckless trading, according to the outgoing head of corporate enforcement in Ireland.
RTÉ has reported that Paul Appleby raised the possibility of Quinn administrators taking such action in a letter to Fianna Fáil finance spokesperson, Michael McGrath TD.
Mr Appleby said the insurer’s administrators could seek a declaration of personal liability on behalf of the former directors in the High Court.
A spokesman for the administrators said the action would be possible but consideration had to be given to how much money could be recovered.
The bill for Quinn Insurance is expected to
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