Monday 23 October 2017

RBS losses trial is put back to 2017

Judge Robert Hildyard adjourned the trial until March 6, 2017. Photo: Reuters
Judge Robert Hildyard adjourned the trial until March 6, 2017. Photo: Reuters

Kirstin Ridley

A High Court judge in Britain has delayed the trial in a long-running battle between Royal Bank of Scotland and shareholders, criticising the lender for being "unfocused" and swamped by 25 million documents.

Thousands of shareholders are claiming around £4bn (€5.7bn) in compensation and alleging that RBS's £12bn investor cash call in 2008 - launched just before the bank's near collapse - contained misstatements and omissions.

Judge Robert Hildyard adjourned the trial until March 6, 2017. (Reuters)

Irish Independent

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