October 17, 2012
Lloyds Banking Group PLC on Tuesday escaped a putative investor class action alleging it had concealed the precarious position of Halifax Bank of Scotland PLC prior to acquiring it in 2008, after a New York federal judge ruled the plaintiffs had failed to prove any fraud by the bank.
December 01, 2011
Holders of American depositary shares in Lloyds Banking Group PLC on Wednesday launched a purported class action alleging the British bank concealed the hobbled condition of Halifax Bank of Scotland prior to acquiring it in 2008, causing massive investor losses when the truth emerged.