RBS loses court battle over documents

RBS building

Royal Bank of Scotland on Thursday lost a court battle to withhold transcripts, notes and interview records from thousands of retail investors suing the bank over an ill-fated, $15.08bn share sale in 2008.

Reuters reports that Judge Robert Hildyard rejected an attempt by RBS to class the documents as legally privileged and confidential in a judgement welcomed by a group of 27,000 retail investors, who hope the information will bolster their case ahead of a trial next March.

"I accept that the court has discretion to prevent disclosure and inspection, or impose conditions, in an exceptional case ... But I have not been persuaded that this is such a case," Judge Hildyard said in Thursday's judgement.

RBS said it was considering appealing the judgement.

To access the complete Reuters article hit the link below:

RBS ordered to hand over documents in shareholder cash call case

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