Lloyds shareholders lose legal fight over HBOS

Lloyds shareholders lose legal fight over HBOS

Lloyds shareholders have expressed ’bitter disappointment’ after losing a multimillion-pound High Court action over the acquisition of HBOS. A judge sitting in London dismissed an action by a group of 5,803 former Lloyds TSB shareholders, who claimed they were ’mugged’ when the bank recommended the January 2009 deal without disclosing HBOS’s true financial state.

Timothy
Timothy
Miles O'Brien
Miles O'Brien 3 months

The courts are rigged. Investing in anything other than gold or jewels is folly.

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