RBS faces £4bn claim from shareholders

RBOS Shareholder Action Group claims the directors misled investors, missed out vital information and misrepresented RBS's underlying strength during the lender's 2008 rights issue

Wednesday 03 April 2013 10:57 BST

More than 12,000 private shareholders have launched a potential £4 billion claim against Royal Bank of Scotland (PA)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

More than 12,000 private shareholders today launched a potential £4 billion claim against Royal Bank of Scotland and former bosses over its 2008 share issue.

The RBOS Shareholder Action Group claims the directors misled investors, missed out vital information and misrepresented RBS's underlying strength during the lender's 2008 rights issue.

The group has launched proceedings against former chief executive Fred Goodwin, three other directors and the bank itself.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

RBS faces £4bn claim from shareholders

RBOS Shareholder Action Group claims the directors misled investors, missed out vital information and misrepresented RBS's underlying strength during the lender's 2008 rights issue

Join our commenting forum

Thank you for registering