Anglo Irish shareholders consulting solicitors

I suspect the shareholders concerned may have to wait until the Irish Financial Regulator and the Director of Corporate Enforcement decide on whether any illegalities occurred before they’ll be able to proceed.. But since the Regulator and the Irish Finance Minister knew at least part of what was going on at the bank at the time.. ANYhoo.. RTÉ tells us that two firms of solicitors are talking separately to shareholders in now nationalised Anglo Irish Bank [Including Sean Quinn? – Ed] about the possibility of a class action style lawsuit “against the bank and others.”

Around 300 shareholders of Anglo Irish Bank gathered in a Dún Laoghaire hotel for an information meeting with a solicitor who is considering organising a lawsuit against the bank and others. The meeting was held to gauge shareholder interest in pursuing a legal action for compensation, after their investments were effectively wiped out by the bank’s nationalisation.