Quinn payout of $23m on oil firm shares in doubt by PAUL CULLEN The Irish Times – July 18, 2012

He granted a declaration that Mr Quinn was never validly appointed and that Ms McCaffrey was never validly suspended.

The Irish Times – Wednesday, July 18, 2012

PAUL CULLEN

A $23 MILLION (€18.7 million) payout to businessman Tony Quinn is in doubt after a court found he was not validly appointed as director of an oil firm.

http://www.irishtimes.com/newspaper/ireland/2012/0718/1224320308568.html

 

Although Mr Quinn has served on the board of International Natural Energy (INE) since 2007, he was never properly appointed, according to a judgment from the Eastern Caribbean Supreme Court in the British Virgin Islands.