Bird & Bird is representing a group of former Royal Bank of Scotland (RBS) shareholders who today (3 April) issued an estimated £4bn claim against the bank and a group of its former directors over a 2008 rights issue.

Bird & Bird partner Steven Baker is leading the team acting for the shareholders, having taken the work with him in a lateral move from Olswang last year. Baker has instructed Serle Court barrister Philip Marshall QC to pursue the claim in court.