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A court battle with former RBS CEO Fred Goodwin as a witness has been delayed for the third time - kawan-kawan Hallo news malaysia on record, Dalam artikel yang anda baca kali ini dengan tajuk A court battle with former RBS CEO Fred Goodwin as a witness has been delayed for the third time, Kami sediakan artikel ini untuk anda membaca dan mendapatkan maklumat di dalamnya. Mudah-mudahan kandungan posting Artikel Berita, Artikel ekonomi, Artikel kesihatan, Artikel maklumat umum, Artikel politik, Artikel sukan, Kami menulis ini, anda boleh memahami. Baiklah, membaca baik.

Tajuk : A court battle with former RBS CEO Fred Goodwin as a witness has been delayed for the third time
link : A court battle with former RBS CEO Fred Goodwin as a witness has been delayed for the third time

A court battle with former RBS CEO Fred Goodwin as a witness has been delayed for the third time

Reuters

RBS former Chairman Tom McKillop (L) and ex-CEO Fred Goodwin arrive for the RBS shareholders meeting in Edinburgh, Scotland November 20, 2008.

LONDON – A court battle between the Royal Bank of Scotland and thousands of shareholders was adjourned until June 7, to give more time for last-ditch settlement talks.

The adjournment is the third time this week the court case has been delayed, after RBS reportedly increased its compensation offer to the claimants.

Investors are suing the bank and former RBS executives after they invested in the bank for its £12 billion 2008 rights issue and lost most of their money.

The dispute, which would see former CEO Fred Goodwin make his first public appearance in eight years as a witness on June 8 and 9, has been active for years.

The bank, which is still majority state-owned, doubled a settlement offer, proposing an 82 pence-per-share settlement with investors during talks on Sunday, according to a Sky News report. This is more than double a previous offer of 40p-per-share.

The judge presiding over the case, Mr Justice Hildyard, said it was “an exceptional case with exceptional logistical problems,” according to a report by BBC News. He said: “We must have certainty one way or the other. The court must know whether the matter is to proceed or not.” If the trial does begin in June, it is expected to take up to 14 weeks.

The RBS Shareholder Action Group, which has thousands of members, launched a £4 billion lawsuit in 2013 against RBS and former RBS executives Fred Goodwin, Tom McKillop, Johnny Cameron, and Guy Whittaker. The group accused RBS and the former executives of “misrepresenting the underlying strength of the bank and omitting critical information from the 2008 Rights Issue prospectus.”

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