Wall Street Journal | By: Max Colchester | May 29, 2017 | 2:20 p.m. ET:
Shareholders accepted 82 pence per share, well below £2 to £2.30 they paid during 2008 rights issue.
Royal Bank of Scotland Group PLC investors reached a settlement with the bank Monday in a dispute related to the 2008 bailout. Investors said they weren’t informed of RBS’s teetering finances before plowing more cash into it. A trial was due to begin soon.
A group of Royal Bank of Scotland Group RBS -2.33% PLC investors Monday said they had accepted a £200 million settlement from the bank to end a protracted legal fight over allegations the lender misled them in the lead-up to an emergency rights issue during the financial crisis.
The dispute relates to a £12 billion cash call just before RBS was bailed out by taxpayers in 2008.
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