Girard Gibbs LLP Announces Class Action Lawsuit Filed Against Royal Bank of Scotland Group PLC (NYSE:RBS).SAN FRANCISCO -- The law firm of Girard Gibbs LLP LLP - Lower Layer Protocol (http://www.girardgibbs.com/rbs.asp) announces that a class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax has been filed on behalf of purchasers of The Royal Bank of Scotland Group The Royal Bank of Scotland Group plc (LSE: RBS) is a British banking and insurance holding company based in Edinburgh, Scotland, UK.[1] It includes The Royal Bank of Scotland plc [2]) founded in 1727 by a Royal Charter of King George I. plc ("RBS RBS Royal Bank of Scotland RBS Role Based Security RBS Rollback Segment RBS Rare Book School (University of Virginia) RBS Rural Business Cooperative Service RBS Ribosome Binding Site (genetics) ") (NYSE NYSE See: New York Stock Exchange :RBS) American Depositary Shares ("ADSs") pursuant to a false and misleading registration statement and prospectus issued in connection with its initial public offering of 38 million Non-cumulative Dollar Preference Shares, Series S. The class action is pending in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York. It charges RBS and certain of its officers and directors with violations of the Securities Act of 1933. RBS is a holding company of The Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba plc and National Westminster Bank plc, which are United Kingdom-based clearing banks. If you would like to serve as lead plaintiff in this action, you must move the Court no later than March 13, 2009. If you wish to discuss this action or have any questions concerning your rights as an investor, please contact Girard Gibbs LLP (www.girardgibbs.com/rbs.asp) or call 866-981-4800. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. The complaint alleges that defendants consummated RBS's Offering pursuant to the false and misleading Registration Statement, selling 38 million Non-cumulative Dollar Preference Shares, Series S ("Series S ADSs") at $25 per share, for proceeds of approximately $950 million. RBS ultimately announced multi-billion pound impairment charges associated with its exposure to debt securities, including mortgage-related securities tied to the U.S. real estate markets, causing the price of RBS's Series S ADSs issued in the Offering to decline. The ADSs now trade at approximately $10 per share. Plaintiff seeks to recover damages on behalf of all purchasers of RBS Series S ADSs pursuant and/or traceable to the Registration Statement for the Offering. Girard Gibbs LLP is one of the nation's leading firms representing individual and institutional investors in securities fraud class actions and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. to correct abusive corporate governance practices, breaches of fiduciary duty and proxy violations. For more information, please access the firm's web site, www.girardgibbs.com/rbs.asp. To discuss this class action with us, please contact the following attorneys: Daniel C. Girard (dcg@girardgibbs.com) Jonathan K. Levine (jkl@girardgibbs.com) Aaron M. Sheanin (ams@girardgibbs.com) 601 California Street, 14th Floor San Francisco, CA 94108 Phone number: (866) 981-4800 Website: http://www.girardgibbs.com/rbs.asp |
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