he would leave before the end of the year after 13 months in the job. In December 2010, the European Commission approved the plans, and the Government passed emergency legislation to allow the deal to take place without requiring the approval of existing shareholders. The High Court subsequently approved the deal on 24 Dec 2010, allowing the Irish government to take a 49.9% stake in the bank, rising to 92.8% following disposal of the Polish subsidiary to Banco Santander. AIB became the fourth of Ireland's "Big Six" financial institutions to be nationalised, following Anglo Irish Bank, Irish Nationwide Building Society, and EBS Building Society. AIB was delisted from the main market of the Irish Stock Exchange on 25 January 2011 and the NYSE on 26 August 2011. 2011 AIB filed lawsuit AIB filed a lawsuit against Oracle Financial Services, India in January 2011, claiming breach of contract on Flexcube implementation. The case was settled later that year. Restructuring Credit Event The ISDA Determinations Committee, consisting of 15 US and European banks, decided that a Restructuring Credit Event occurred with respect to Allied Irish Banks on 9 June 2011. Sponsorships AIB were one of the key sponsors of the 2006 Ryder Cup, which was held at The K Club in Straffan, County Kildare. In May of that year, the bank launched a €5 million advertising campaign for the tournament. AIB also sponsor an MSc course in Data Science at Technological University Dublin for a select few of their employees. See also AIB UK List of banks List of banks in Ireland Inter-Alpha Group of Banks List of Irish companies Notes and references External links Official site Banks established in 1966 Banks of Ireland Banks of the United Kingdom Companies listed on Euronext Dublin Rogue trading banks 2017 initial public offerings Financial services companies based in Dublin (city) Irish companies established in 1966 Irish brands Banks under direct supervision of the European Central Bank