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.
‘Enforcement 40’ for 2020
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