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Lloyds Shareholders Begin Legal Action

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Shareholders in Lloyds Banking Group have launched legal action to recover up to £14bn they claim to have lost as a result of Lloyds' takeover of HBOS.

http://news.bbc.co.uk/1/hi/business/10254114.stm

14 billion could be costly :ph34r:

And where do they think this money is going to come from?

I doubt that the directors have it in their bank accounts

tim

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.....

Probably the taxpayer, so in effect they are suing themselves although I suspect that this will be lost on them...

Definitely the taxpayer. Its your assumption these people pay Uk taxes............

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Probably the taxpayer, so in effect they are suing themselves although I suspect that this will be lost on them...

It's lost on them only insofar as it's lost on nurses that striking for better pay will only mean higher taxes down the road. If you can somehow make nurses understand that the extra £1.5k they may get will mean an extra £100 on their fag bill, and get them to stop a strike based on that argument, you might stand one chance in a million of making a lloyds shareholder who's perhaps £10k out of pocket plus dividends think again about legal action. Good luck. :lol:

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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