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RBS Opts for Court Battle in £4bn Shareholder Action Group Lawsuit
Friday May 02nd 2014, 4:35 am Filed under Shareholder lawsuit

The Royal Bank of Scotland's chief executive told investors that the bank will go to court to battle a £4bn lawsuit brought by a shareholder action group, over claims the lender did not fully disclose its true financial condition prior to the government bailout. Following the announcement of RBS's first quarter results for 2014, Ross McEwan said the bank "will defend itself vigorously ... [News Source]