Paddy McKillen and  Tony Leonard argued in a US court action that the Maple 10 loans, aimed at propping up Anglo’s share price in the 2008 deepening financial crisis, were “illegal” when made. Photograph: Frank Miller

Property developer Paddy McKillen and his business partner Tony Leonard have lost a bid to sue the former Anglo Irish Bank in the US courts over Mr Mc(...)

Paddy McKillen. IBRC sued Mr McKillen in the Irish courts in July 2014 to recover 25 per cent of the €45 million loan extended by the bank to the Belfast developer. File photograph: Yui Mok/PA Wire

The liquidators of the former Anglo Irish Bank claim a US legal action by businessman Paddy McKillen over his “Maple 10” loan is an attempt to frustra(...)

Paul Singer: To his enemies he is one of capitalism’s vultures who swoops down to feed off the weak.

One of the titans of Wall Street, Paul Singer is in many ways the embodiment of modern global capitalism.From his offices in New York he has just for(...)

A legal challenge in Delaware will proceed to a full hearing in an attempt to block IBRC from securing permanent protection in the US courts.  In preparation for this, one of IBRC’s special liquidators, Kieran Wallace (above) of KPMG, will be questioned under oath at a deposition on October 22nd in  New York.  Photograph: Brenda Fitzsimons/The Irish Times

Two funds linked to US billionaire hedge fund owner Paul Singer have dropped their objection to the former Anglo Irish Bank’s application for bankrupt(...)

A US bankruptcy judge has rejected a legal challenge by a developer against Irish Bank Resolution Corporation, formerly Anglo Irish Bank, and refused to lift temporary court protection for the bank.

A US bankruptcy judge has rejected a legal challenge by a developer against Irish Bank Resolution Corporation, formerly Anglo Irish Bank, and refused (...)