Plaintiff Seeks Lead Status In Subprime Suit V. RBS

Law360, New York (March 16, 2009, 12:00 AM EDT) -- An investor in stock offered by the Royal Bank of Scotland Group PLC has asked a federal court to appoint him lead plaintiff in a class action related to the bank's subprime mortgage market exposure, arguing that his suit should not be consolidated with similar suits because it contains more specific allegations brought on behalf of a specific group of investors.

In a motion filed Friday in the U.S. District Court for the Southern District of New York, Gary Kosseff asked the court to appoint him...
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