RBS lawsuit ‘at risk’ over cost of action
THOUSANDS of small shareholders risk being shut out of a major legal action against Royal Bank of Scotland unless they get a “sympathetic” ruling by a judge on legal costs if they lose.
Two lawsuits have been launched by shareholder action groups against RBS, alleging the bank misled investors about its financial strength in the £12 billion rights issue in 2008.
But two other investor groups are weighing up launching claims, and have been shadowing recent High Court case management hearings.
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