The 6000 claimants say they were not given necessary information about HBOS finances and other details before the ill-fated acquisition Lloyds shareholders involved in a £350m legal battle over the company’s takeover of Halifax Bank of Scotland (HBOS) hold gone to the tall court to try to obtain secret documents relating to the deal.The 6000 claimants,who all held Lloyds TSB stock at the time of the acquisition, claim they were kept in the gloomy when they were asked to approve the takeover. Related: Bank of England and FCA's report on failure of HBOS suffers further delays Related: Lloyds v RBS - two banks with different problems Continue reading...
Source: theguardian.com