Royal Bank Of Scotland Share Discussion Threads

[tfergi] 08/6/2017 07:13

Money has been set aside for the court case against RBS hasn't it?

[chinese investor] 07/6/2017 15:24

"Mr Jonathan Nash QC, who is acting for the claimants, said that a “significant” proportion of those who had not yet agreed to the 82p offer that was made last month are expected to do so before a July 4 deadline.

Any hold-outs will then have until July 28 to tell the court that they want to resurrect the trial - but they will have to provide evidence they have the funding to proceed with the case."

[chinese investor] 07/6/2017 13:22

"Judge Robert Hildyard said the minority of rebel shareholders could apply for the trial to resume if they could prove they had sufficient funding by the end of July."

[pal44] 07/6/2017 11:17

Leeds gone in Purdah ! interesting he may be a political hack lol

[juju44] 07/6/2017 09:09

I was not part of an action group. Can I get any compensation ?

[chinese investor] 07/6/2017 08:49

juju44,
Probably not but you can always try -

[juju44] 07/6/2017 08:41

I bought shares in the rights issue but have not joined any group in the legal case Can I get any refund ?

[chinese investor] 07/6/2017 08:34

COURT 15
Before MR JUSTICE HILDYARD
Wednesday, 7 June 2017
10:30
TRIAL LIST
Part Heard
HC-2013-000484 RBS Rights Issue Litigation

[smurfy2001] 06/6/2017 19:06

Time the CEO went what a disgrace!

--

RBS spends £1bn battling its own shareholders over rights issue

Royal Bank of Scotland has racked up a £1bn bill fighting its own shareholders over its disastrous 2008 rights issue after the taxpayer-owned lender finally reached a settlement with hold-out investors to escape an embarrassing High Court trial.

[chinese investor] 06/6/2017 17:02

Tis a mystery !
A billion pound loss !

cfc1 (RBS) 6 Jun '17 - 15:48
wonder why RBS is getting smashed today!?

[cfc1] 06/6/2017 15:48

wonder why RBS is getting smashed today!?

[chinese investor] 06/6/2017 15:14

I suspect Diane Abbott has been totting up the numbers for the Action Group !

[maxk] 06/6/2017 14:59

Anyway...two days to go and the whole lot will be sorted.

Auntie Treesa or Uncle Corby .. what a choice

[maxk] 06/6/2017 14:56

Everyone's gone to the moon to see Elvis And leeds.

[g1945] 06/6/2017 14:55

Yes, a bit of a shambles now. Too many things hidden from us. Too many deals made behind closed doors. At this rate we'll end up having to start an action against them!

[smurfy2001] 06/6/2017 14:54

This site is like a ghost town.

[chinese investor] 06/6/2017 14:47

I can't help but notice the Share Price has dropped 2.7% as a result of this settlement !

i.e. a loss of £900 million !

[cfc1] 06/6/2017 14:46

has everyone disappeared?

[chinese investor] 06/6/2017 14:35

So we've settled for £200 million and we've (settlement 82p) been told we have to pay a £85 million bill (legal costs plus "after the event" insurance) !
RBS waived the rights to recover the costs of the earlier settlers (settlement just over 40p) and we are not liable for them !
I'm assuming the cost of the "after the event" insurance was £7.5 million and so we might be paying around £30 million in the event of the settlement !
Two years ago the estimate for our total (i.e. us and the earlier settlers) legal costs to the end of the trial was £15 million !

So that'll be around a bill for £45 million - so where did they get £85 million from ?
I'm assuming RBS won't be chasing us for their own costs !

[chinese investor] 06/6/2017 13:36

Could be interesting !

COURT 15
Before MR JUSTICE HILDYARD
Wednesday, 7 June 2017
At half past 10
TRIAL LIST
Part Heard
HC-2013-000484 RBS Rights Issue Litigation

[g1945] 06/6/2017 13:31

Looks like it's all over - again!