Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: Investors to sue RBS

Over 12,000 private shareholders are launching a compensation claim against Royal Bank of Scotland (RBS).

They are collectively aiming to gain up to £4 billion in compensation from RBS for misleading them into thinking that the bank was in good financial health prior to the financial crisis of 2008.

The RBS Shareholders Group, which is taking legal action against the bank, said: “We believe the directors of the bank acted improperly by misrepresenting the underlying strength of the bank at the time and by omitting critical information from the Prospectus.  This led to thousands of shareholders taking part at an over-inflated price.”

Proceedings from the Group against a handful of directors have begun. They say that because Barclays misled its shareholders it has breached Section 90 of the Financial Services and Markets Act 2000.

During the financial crisis, RBS had to be bailed out by the UK government and is now 80 per cent owned by the taxpayer.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801565791-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide