Rumour of Quinn 'deal' scotched

Rumours that the family of former billionaire Sean Quinn are close to securing the return of some assets in a deal that would end a protracted legal battle over massive debts of €2.3bn have been described this week as “not true”.
A source close to the Quinn family scotched growing speculation in the locality that any agreement had been reached.
“There is no agreement, and nothing has changed,” The Anglo-Celt was told, when asking if an amicable end was in sight for the bitter legal battle between the former Anglo Irish Bank, now IBRC and the Quinns over their disputed bank debts.
The source admitted that while “some positive” talks had taken place between both parties some months ago, they had however “broken down” and that “nothing has happened since”.
IBRC has been pursuing the family’s offshore assets, while the Quinn family are suing the IBRC and the State in a multi-billion euro action over the legality of the loans.
Last May there seemed to be some approach to reaching a breakthrough in the ongoing impasse but for the Department of Finance to block the proposed peace deal in the wake of the Denis O’Brien Siteserv sale controversy.