September 05, 2012
A New York federal judge on Tuesday tossed an investor class action alleging Britain's Royal Bank of Scotland PLC misled investors about its exposure to subprime mortgage-backed securities, finding that the bank's disclosures' were adequate given the pre-financial crisis reality.
June 01, 2011
Royal Bank of Scotland Group PLC and 10 underwriter defendants, accused of fraud by preferred investors who bought $950 million in risky mortgage-backed securities, filed separate dismissal bids in New York federal court on Wednesday.
February 18, 2011
A federal judge in New York has granted a Mississippi fund's request to remain a plaintiff in a $950 million securities fraud suit against Royal Bank of Scotland Group PLC because the lead plaintiff did not acquire certain preferred shares related to the fund's claims.
January 26, 2011
A Mississippi pension fund has asked a federal judge to reconsider her decision dismissing it from a $950 million securities fraud suit brought against the Royal Bank of Scotland Group PLC by a group of U.S. investors.
January 13, 2011
A federal judge has dismissed most claims in a consolidated shareholder class action alleging that Royal Bank of Scotland Group PLC and several U.S. underwriters fraudulently hid exposure to risky mortgage-backed securities.