RBS Enters Last Ditch Round of Settlement Talks

RBS Enters Last Ditch Round of Settlement Talks
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The trial of British bank RBS (RBS) - Get Report was on Monday adjourned until Tuesday morning so that the lender and plaintiffs can enter one last ditch round of settlement talks.

RBS is defending itself in a lawsuit brought by shareholders who have alleged that the bank misled them about the true state of its financial position when the lender launched a £12 billion ($15 billion) rights issue in June 2008.

There were originally five separate groups of shareholders pursuing the bank, but RBS has now settled with four of them at a cost of around £800 million.

READ MORE: RBS Trial Over Crisis Era Rights Issue Adjourned For Settlement Talks

This article was written by a staff member of TheStreet.