Allied Irish Bank intended to pay €40m in bonuses to 2400 bankers, arguing that a 2008 court case was forcing them to do so. The bank then decided not to pay these bonuses, following a threat from the Irish government to withdraw the taxpayers’ money that is keeping the bank afloat. Now bank chiefs have admitted that new legal action could still be taken by some of those 2,400 executives who were supposed to receive the €40m windfall.
