9th April 2014
The RBoS Shareholder Action Group is reminding investors who wish to join its bid to seek compensation over the RBS right issue of May 2008 that they have only got until April 30th to join the group. The Action Group said in a statement that it regrets that it will not be able to admit late joiners beyond this date. Given this timetable, the Action Group urges all those who are considering joining to register their details as soon as possible. Claims against the rights issue must be brought by June this year.
On 28 March 2014 the Action Group announced that it has secured a £23,500,000 package of ATE insurance and indemnity cover, to protect its members against the possibility of an adverse costs order in its action against RBS.
Fred Campbell, speaking on behalf of the Action Group, said: “Our claim is already progressing through the courts. The Group is well funded and, with appropriate insurance in place, can afford to fight tooth and nail with RBS on behalf of its members. For those who feel misled by the bank and its directors, now is the time to join our claim and fight for compensation.”
To find out how to join the claim, and for more information on the Action Group, please go to www.rbosaction.org.