RBS Stuck In $605M Suit Over Liverpool Soccer Club

Law360, New York (October 4, 2013, 9:28 PM EDT) -- A New York state judge has refused to dismiss allegations that Royal Bank of Scotland PLC derailed a hedge fund’s £385 million ($605 million) bid for topflight English soccer team Liverpool FC in an opinion filed Friday, saying that their contracts were clear.

Last July, Judge Eileen Bransten had said that hedge fund Mill Financial LLC had sought only "consequential damages," which are barred by a 2009 contract it signed with RBS and Wells Fargo NA over a $70 million loan they gave to former Liverpool...
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