THE Quinn family say that due to the "financial position" they find themselves in they have been forced to instruct their legal team, Eversheds and Counsel, to immediately withdraw from representing them.
The family say they are annoyed and frustrated and claim the "disastrous scenario" has been "strategically orchestrated" by Anglo.
They also claim the bank has "done everything in their power to ensure that our challenge over the illegal loans advanced to our companies is never heard before the Irish courts."
In a statement issued to The Impartial Reporter this morning the family said: "We are infuriated that Anglo who unlawfully seized control of our companies on the basis of these illegal loans continue to stand over them along with the banks past managements practices, notwithstanding that criminal charges have now being brought against Anglo's former executives."
The Quinns say they have done everything in their power to avoid the litigation dispute and have tried to reach an amicable resolution with the new management of Anglo. They claim numerous approaches and proposals have being rejected.
"We therefore remain steadfast in our resolve to bring the main litigation to a successful conclusion, and are absolutely confident that justice will ultimately prevail.
"We would like to sincerely thank our solicitors Eversheds and Counsel for their unwavering support over the past two years and for their excellent service and professionalism, in what has been a very difficult and contentious case."