Winckworth Sherwood is advising a group of Lloyds Banking Group shareholders on their legal action over the handling of the takeover of HBOS by Lloyds Bank TSB. The Lloyds Action Now group claim they were misled over a £25.4bn emergency Bank of England loan to HBOS in October 2008, and have sent demands for compensation to the Treasury, former Lloyds chairman Sir Victor Blank and current chief executive Eric Daniels.
June 08, 2010 at 07:45 AM
1 minute read
The original version of this story was published on Legalweek
Winckworth Sherwood is advising a group of Lloyds Banking Group shareholders on their legal action over the handling of the takeover of HBOS by Lloyds Bank TSB.
The Lloyds Action Now group claim they were misled over a £25.4bn emergency Bank of England loan to HBOS in October 2008, and have sent demands for compensation to the Treasury, former Lloyds chairman Sir Victor Blank and current chief executive Eric Daniels.
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