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A class action lawsuit is whereby a case is brought by one or more plaintiffs on behalf of a large group of others who have a common legal claim.
We are aware of a number of class action lawsuits being progressed on behalf of shareholders, including those for Royal Bank of Scotland and Lloyds TSB. For more information about these two cases, please view the news articles below:
More than 5,000 join lawsuit against Lloyds over HBOS deal
Financial Times [November 9, 2014 19:35]
"More than 5,000 investors have joined a class action-style lawsuit against Lloyds Banking Group, claiming they lost about £400m in the government-arranged takeover of HBOS six years ago." Read article...
Investors join race to sue Lloyds over emergency takeover of HBOS
This is Money [November 9, 2014, 21:15]
"Law firm Harcus Sinclair Ltd will argue that Lloyds and ... The accusation hinges on the suggestion that shareholders were not fully informed of ... Royal Bank of Scotland, when the spectre of legal action..." Read article...
Our Terms and Conditions set out our obligations where we are notified of any such action relating to an investment held within our Nominee on your behalf. Please see section of our 11.15 Terms and Conditions.
Whilst we will not take part on your behalf, and cannot advise on the merits or likely outcome of such cases, if you wish to pursue the action yourself we will be happy to provide the necessary data to evidence your shareholding where the timelines permit.
We would recommend that all clients take independent legal advice and consider the cost implications of such a course of action before proceeding.
Law firm, Harcus Sinclair is representing the group of claimants. Please note that the deadline for claimants to join the group litigation is 14 November 2014.
For more information:
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