RBS Usurped Control Of Soccer Team, Hedge Fund Says

Law360, New York (March 13, 2012, 2:40 PM EDT) -- The Royal Bank of Scotland PLC interfered with and ultimately derailed a hedge fund's £385 million ($605 million) bid for topflight English soccer team Liverpool FC, the fund's attorney told a New York state judge on Tuesday.

"We ended up with absolutely nothing … because RBS controlled the entire [sale] process," Paul M. O'Connor III of Kasowitz Benson Torres & Friedman LLP, who represents hedge fund Mill Financial LLC, told Judge Eileen Bransten during a hearing.

Mill Financial and RBS were both lenders to various entities...
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