RBS Scrip Issue 2008

bourne70 · 23 May 2017 at 2:09PM

On the news 2 days ago I heard that there is legal action against RBS on behalf of RBS shareholders who were offered an allotment in May 2008 to buy extra shares, but were not warned of the situation by the Bank. I invested a large amount, although I subsequently sold my shares at a huge loss in 2009. I was not contacted to join the action presumably because I had no shareholding after November 2009, but was involved at the time (May 2008). The case is being handled by a Company called LEON KAYE, but they have told me that since the action has been going on for several years they cannot accept any new entrants!!! Is there anything I can do?

agrinnall · 23 May 2017 at 2:37PM

Posting on the Savings & Investments board would probably be a good start...

ERICS_MUM · 23 May 2017 at 2:42PM

I can't help but good luck in your endeavours. I understand the case was adjourned Monday so RBS could increase their offer, don't want to appear in court.

I think Fred G and the RBS board should be prosecuted for their various 'misdemeanours'.

alanq · 23 May 2017 at 3:49PM

Thread moved from Budgeting & Bank Accounts to Savings & Investments.

EdGasketTheSecond · 23 May 2017 at 4:26PM

I expect a whole new 'PPI industry' will grow out of it. Lots of cold callers telling you you can claim for compensation (whether you've ever had RBS shares or not!).

DMHDERBY · 24 May 2017 at 3:35PM

I also invested in the scrip issue in 2008 and still have the shares. It seems the current trial is adjourned until June 7. I'm hoping the final decision would allow all investors to claim.

RBS Scrip Issue 2008

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