Bird & Bird is advising a group Royal Bank of Scotland (RBS) shareholders on a £2.4bn lawsuit brought against the bank and a group of former directors including former chief executive Fred Goodwin. The firm is representing the RBoS Shareholders Action Group, which said it is bringing the lawsuit as a "last resort" after the Financial Services Authority (FSA) had failed to help them recover losses incurred by a 2008 rights issue.
March 12, 2012 at 12:37 PM
1 minute read
The original version of this story was published on Legalweek
Bird & Bird is advising a group Royal Bank of Scotland (RBS) shareholders on a £2.4bn lawsuit brought against the bank and a group of former directors including former chief executive Fred Goodwin.
The firm is representing the RBoS Shareholders Action Group, which said it is bringing the lawsuit as a “last resort” after the Financial Services Authority (FSA) had failed to help them recover losses incurred by a 2008 rights issue.
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