By Kit Chellel, Bloomberg News
A group of about 20,000 individuals and companies suing Royal Bank of Scotland Group Plc over losses from a 2008 share sale fell out with their former lawyers over unpaid fees in a dispute that ended up in an attempt to have the shareholder group declared insolvent.
London law firm Fladgate filed a petition to wind up its former client, the RBOS Shareholders Action Group Ltd., on May 24, court records show. The group hired new lawyers to replace Fladgate in July of last year.
“This was a minor issue about delayed payment, which is ...
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