The Northern Rock shareholder dispute hits the courts today (13 January), with a number of the legal profession's big hitters set to battle it out with the Government. The three-and-a-half day trial, at a specially convened Divisional Court at the Royal Courts of Justice, will see more than 150,000 private shareholders attempting to secure improved compensation following the nationalisation of the crisis-hit lender.The shareholders will not challenge the nationalisation itself but claim the statutory criteria established for the valuation process breach the European Convention on Human Rights.
January 13, 2009 at 09:41 AM
1 minute read
The original version of this story was published on Legalweek
The Northern Rock shareholder dispute hits the courts today (13 January), with a number of the legal profession’s big hitters set to battle it out with the Government.
The three-and-a-half day trial, at a specially convened Divisional Court at the Royal Courts of Justice, will see more than 150,000 private shareholders attempting to secure improved compensation following the nationalisation of the crisis-hit lender.
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