RBS shareholder case delayed

RBS building

A High Court judge on Thursday delayed the trial in a drawn-out battle between Royal Bank of Scotland and shareholders, criticising the lender and its legal advisers for being "unfocused" and swamped by 25 million documents.

Reuters reports that thousands of shareholders are claiming around $5.98bn in compensation and alleging that RBS's $18bn investor cash call in 2008 - launched just before the bank's near collapse - contained misstatements and omissions.

Judge Robert Hildyard adjourned the date for the high-profile trial by three months to March 6, 2017, saying he wanted to ensure fair and orderly legal proceedings in the case.

To access the complete Reuters article hit the link below:

British judge delays trial of RBS shareholder lawsuit to 2017

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