Fred Goodwin has escaped being summoned to the high court to explain his actions during the 2008 financial crisis, after disgruntled shareholders finally reached a settlement with Royal Bank of Scotland.
Royal Bank of Scotland and former chief executive Fred Goodwin appear set to dodge a High Court trial, with an investor group indicating its acceptance of a settlement offer.
DEBATE: Should we be clamouring to see Fred Goodwin stand in the dock and quizzed over the collapse of RBS?
Attempts to avert a legal battle that would force Fred Goodwin, the former chief executive of Royal Bank of Scotland, to give evidence in the high court are to continue into next month.
Talks are still going on to avert a legal battle that would force Royal Bank of Scotland’s disgraced former chief executive Fred Goodwin to give evidence at the high court.
What spoilsports they are at Royal Bank of Scotland. We’ve waited years to hear again from Fred Goodwin and Sir Tom McKillop, chief executive and chairman of the bank when it sank in 2008. Now the board wants to kill the legal case that could see the duo, plus two other former directors, cross-examined in court.
For eight years, Britain’s most vilified banker has kept a low profile. But next week in London’s high court a £520m legal case will force Fred Goodwin into the limelight.