The Northern Rock shareholders have lost their appeal to secure improved compensation following the nationalisation of the lender, with the claimants now prepared to take their case all the way to Europe.
A judgment handed down yesterday (28 July) in the Court of Appeal supported a February decision, which scuppered the attempts of more than 150,000 private shareholders to increase their compensation level. The judgment followed a three-day hearing in June before the Master of the Rolls Sir Anthony Clarke, Lord Justice Laws and Lord Justice Waller.
