Article F487 Lloyds shareholders demand release of HBOS takeover documents at high court

Lloyds shareholders demand release of HBOS takeover documents at high court

by
Press Association
from on (#F487)

The 6,000 claimants say they were not given necessary information about HBOS finances and other details before the ill-fated acquisition

Lloyds shareholders involved in a 350m legal battle over the company's takeover of Halifax Bank of Scotland (HBOS) have gone to the high court in an attempt to obtain secret documents relating to the deal.

The 6,000 claimants, who all held Lloyds TSB stock at the time of the acquisition, claim they were kept in the dark when they were asked to approve the takeover.

Related: Bank of England and FCA's report on failure of HBOS suffers further delays

Related: Lloyds v RBS - two banks with different problems

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