RBS Ducks Contract Claim In Liverpool Takeover Case

Law360, Los Angeles (July 26, 2012, 6:51 PM EDT) -- A New York state judge on Wednesday rejected a breach of contract claim against Royal Bank of Scotland Group PLC, which is accused of derailing a hedge fund's £385 million ($605 million) bid for English soccer team Liverpool FC.

New York Supreme Court Justice Eileen Bransten said hedge fund Mill Financial LLC seeks only “consequential damages” against RBS, which is barred under the terms of a 2008 contract signed by Mill Financial, RBS and Wells Fargo NA over a $70 million loan they gave to former...
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