Judge orders Linklaters' advice to be given to shareholders who claim they were mislead before approving the deal
July 24, 2015 at 07:21 AM
1 minute read
The original version of this story was published on Legalweek
A High Court judge has ruled that Lloyds Banking Group must hand over the advice Linklaters gave it on its takeover of HBOS in 2009 to disgruntled shareholders in an ongoing £350m dispute.
Shareholders in Lloyds have launched a law suit against the bank claiming that its directors withheld information about the state of HBOS’s finances when it asked for shareholder approval for the takeover in 2008.
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