UK: ‘Misled’ investors unite to sue Lloyds in US-style class action | Herald Scotland

Investors are joining forces to sue Britain’s biggest retail bank Lloyds and five former executives, alleging they were misled over an ill-fated deal in 2008 they say wiped £6 billion off the total value of shares.

Their claim names Lloyds’ former chairman Victor Blank, former chief executive Eric Daniels, ex-finance boss Timothy Tookey, ex-retail banking head Helen Weir and former wholesale banking boss George Truett Tate. It is the second US-style class action alleging bank misdeeds during the credit crisis.

via ‘Misled’ investors unite to sue Lloyds in US-style class action | Herald Scotland.