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Quinns can no longer afford solicitors for two actions

Solicitors for Sean Quinn and his family have informed the High Court that they will no longer be representing them in two legal actions involving the former Anglo Irish Bank.

In a statement, the Quinns say they are annoyed and frustrated to confirm that due to their financial position, they have been forced to let go of their legal team, Eversheds.

Barrister Brian O'Moore informed the court that Eversheds solicitors will apply to officially come off record for the Quinns on Monday.

He said the Quinn family accepts for a variety of reasons that Eversheds cannot continue to act in either of the two sets of proceedings involving IBRC, formerly Anglo Irish Bank.

The court heard that Eversheds are prepared to act on one matter - Sean Quinn junior's upcoming Supreme Court appeal over the contempt of court finding that resulted in a three-month jail term.

In a statement today, the Quinn family thanked Eversheds for past service and claimed their current situation is one strategically orchestrated by Anglo.

Notwithstanding the loss of their lawyers, the family say they remain steadfast in their resolve to succesfully conclude their challenge to what they say are illegal loans issued by Anglo to Quinn companies.