The Timeline: Anglo Irish Bank v David Drumm

From early January 2008 to date

January 10th, 2008– Anglo Irish Bank provides its chief executive David Drumm with a loan of €7.65 million to refinance an existing loan provided to buy shares in the bank and to purchase more Anglo shares.

Early 2008– Anglo chairman Seán FitzPatrick suggests that executive and non-executive directors should offset negative publicity about the bank and the concerns in the financial markets by buying shares in the bank.

December 19th, 2008– Drumm resigns as chief executive over the revelation that FitzPatrick had been hiding loans of €87 million at the bank from shareholders.

December 31st, 2008– Drumm's main loan with Anglo matures. He used 95 per cent of his loans with the bank to buy shares.

January 10th, 2009– Anglo's new chairman Donal O'Connor, FitzPatrick's replacement, agrees to extend share loan by one year.

January 15th, 2009– Anglo is taken into State ownership.

June 26th, 2009– Anglo writes to Drumm regarding his loans.

July 2009– Relationship framework agreement signed between Anglo and the Minister for Finance, the bank's shareholder, giving Brian Lenihan control over the bank's dealings with former directors over their loans with the bank.

September 2009– Anglo seeks repayment of Drumm's loans.

October 7th, 2009– Drumm returns to Ireland from his home in the US to discuss and agree a schedule to repay his loans.

November 11th, 2009– Anglo issues legal proceedings against Drumm. The bank sues Drumm and his wife, seeking to overturn the May 2009 transfer of their home in Malahide, Dublin, from their joint names into her name.

December 19th, 2009– Drumm submits defence and counterclaim seeking payment of €2.6 million in unpaid salary, deferred bonus and pension payment from the bank.

January 10th, 2010– Bank withdraws application for summary judgment. Mr Justice Peter Kelly in the Commercial Court agrees to schedule the case for full hearing.

April 2010– Drumm tries to seek a settlement with the bank.

September 24th, 2010– Drumm offers final proposal to the bank in an attempt to settle the action.

October 8th, 2010– Anglo rejects Drumm's settlement offer in relation to his €8.5 million debts; suggests counter-proposal.

October 14th, 2010– Drumm files petition for bankruptcy in Massachusetts court covering his worldwide assets; High Court in Dublin told of the move.

October 19th, 2010– Case listed for mention before High Court.

October 26th, 2010– The hearing of Anglo's case against Drumm is scheduled to start.