New Look LAN Website

We hope you like the website's new look! We have tidied everything up and made it easer to find the information you need. In particular, you will see that we have updated contact details for the group in line with the most recent newsletter, and the news articles are now searchable. In due course...

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“Treasury to sell more Lloyds shares” - BBC News, 25 March 2014

The government has announced plans to return more of Lloyds Banking Group to the private sector. UK Financial Investments (UKFI), the body responsible for the government's stakes in banks, said it intended to sell another 7.5% of Lloyds to investors.

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“Lloyds tops list of most-complained about banks” - Moneywise, 4 March 2014

Complaints about payment protection insurance (PPI) propelled Lloyds to become the most complained about bank during the last six months of 2013, the Financial Ombudsman Service has revealed. The Ombudsman dealt with 40,500 Lloyds TSB Bank complaints across all categories between 1 July and 31...

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“Lloyds investors threaten to boycott offerings over FCA briefing” - Financial Times, 11 April 2014

Investors who bought Lloyds Banking Group shares from the government last month are threatening to boycott future offerings by the Treasury after they were burnt by a bungled regulatory announcement that prompted a sell-off in financial stocks. Several investors have complained to Lloyds and to the...

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“Anthony Hilton: Lloyds litigants haven’t gone… they’re biding their time ” - Evening Standard, 13 O

The thing missing from Lloyds Bank’s results yesterday was any more news about the litigation from disgruntled shareholders who are suing the company over its disastrous takeover of HBOS. What the results did underline once again, however, was just how disastrous that deal was: another £750 million...

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“Lloyds shareholders to use LIBOR scandal in legal challenge” - Professional Adviser, 10 July 2012

A group of Lloyds shareholders suing directors over the 2008 HBOS takeover will use the LIBOR scandal as further proof they were misled into backing the deal. Lloyds Action Now (LAN) has instructed its lawyers to incorporate the allegation that Lloyds TSB directors knew that HBOS's real interest...

“Lloyds shareholders make Libor claim” - The FT Adviser, 10 July 2012

The Lloyds Action Now (LAN) group, which has been campaigning for compensation for 800,000 private shareholders, has claimed the Libor scandal is more proof that they were misled into voting to take over Halifax Bank of Scotland. The organisation has instructed lawyers to incorporate in their claim...

“Lloyds shareholders claim bosses ignored Libor dangers” - The Scotsman, 10 July 2012

Angry shareholders of Lloyds Banking Group have claimed that the emerging Libor scandal is more proof they were 
misled into voting to take over HBOS. Lloyds Action Now (LAN), which has been campaigning for the past three years on behalf of 9,000 members, have instructed lawyers to incorporate in...

“Lloyds shareholders claim bosses knew HBOS rigged Libor before takeover” - Money Marketing, 10 July

Lloyds Banking Group shareholders are claiming Lloyds TSB bosses knew HBOS was manipulating Libor rates when it recommended the takeover of the troubled bank. According to the Scotsman, shareholder campaign group Lloyds Action Now has instructed lawyers to include the allegation in its claim...

Libor holds key to £24 billion Lloyds TSB shareholder case– Crew Revu, 9 July 2012

Low borrowing rate gave false impression of HBOS solvency Angry Lloyds shareholders say the Libor scandal is more proof they were misled into voting to take over HBOS…[click the link above to read full article]

“Lloyds Banking Group’s bosses were ‘reckless’, say lawyers for US investors” The Guardian, 1 Januar

Aggrieved investors are suing Sir Victor Blank and Eric Daniels, the former chairman and chief of Lloyds Banking Group... Lloyds Banking Group's former chief executive, Eric Daniels, and previous chairman, Sir Victor Blank, have been accused of "reckless disregard for the truth" in a class action...

“Lloyds faces law suit from US investors” - The FT, 1 January 2012

"Lloyds faces law suit from US investors" - The FT, 1 January 2012 This article requires a Financial Times subscription. Click on the link above to log in or subscribe to read the full article.

“Former Lloyds bosses to be sued over HBOS takeover” - The Telegraph, 31 December 2011

Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US courts by American shareholders unhappy at the bank’s takeover of HBOS at the height of the credit crisis... Claim forms have been lodged with the Southern District of New...

“Lloyds TSB shareholders urged to sue directors” - FT Adviser, 19 May 2011

Lloyds TSB investors that lost money when the bank took over HBoS are being urged to join forces to take legal action against the bank’s directors. Lloyds Action Now, an association of shareholders set up to recover their investment losses as a result of the merger of Lloyds TSB with HBoS, is...

“Messrs. Brown & Darling: Beware ye sins shall find thee out” – The British Gazette, 17 April 20

In our article, Which of these men can you trust? of the12th April, we disclosed our interest (as a shareholder) in the ongoing saga of the Lloyds Banking Group and their “little local difficulties….” The British Gazette has now decided to report upon certain recent developments. Last year, we were...

“Lloyds TSB investors want ‘perjury’ probe” – The Telegraph, 26 March 2011

A shareholder group representing thousands of Lloyds TSB investors has called on Scotland's most senior legal official to launch an investigation into an alleged cover up of secret loans made to HBOS before its takeover by the lender. Lloyds Action Now (LAN), which represents 4,000 Lloyds...

“Fountain Court QC prepares to bring Lloyds TSB to book” – The Lawyer, 28 February 2011

Winckworth Sherwood partner Jim Rai has instructed Fountain Court silk Brian Doctor QC to ­represent a group of former Lloyds TSB shareholders in their legal battle against the bank. The shareholder group, Lloyds Action Now, has accumulated more than 4,000 members, who have contributed to a...

“Lloyds shareholders have held a protest meeting” – BBC News, 24 October 2010

Lloyds Banking Group shareholders who lost money after the former Lloyds TSB bought Halifax Bank of Scotland have held a protest meeting in London. The shareholders allege that former chancellor Alistair Darling and Lloyds directors withheld vital information in the run-up to the takeover in 2009…...

“Angry shareholders sue Lloyds in US” – This Is Money, 18 October 2010

Angry shareholders in Lloyds Banking Group have appointed lawyers in America to sue the bank and Treasury over the takeover of HBOS at the height of the financial crisis. Vocal campaigning group, Lloyds Action Now, has already begun legal action in Britain, writing to the Treasury, the bank's chief...

BBC Profile on Eric Daniels

Eric Daniels, CEO of Lloyds Banking Group, Britain's biggest retail bank, who announced this week that he will retire in 12 months with an estimated £13 million pay off package. He's the last survivor of the big banking beasts - Fred "the Shred" Goodwin and co - who were at the helm when the...

“Shareholders seek to have Blank extradited to face action in US” – The Times, 16 July 2010

A shareholder action group wants Sir Victor Blank, former Lloyds Banking Group chairman, to be extradited to the US to defend the controversial takeover of HBOS in 2008. Lloyds Action Now (LAN), made up of shareholders in the bank, is trying to bring a lawsuit in America, alleging that Sir Victor...

“Lloyds Action Now launches shareholder claim” – Selborne Chambers, 21 June 2010

Lloyds Action Now, an association of Lloyds TSB shareholders, has delivered letters before claim to HM Treasury; the previous chairman of Lloyds TSB (Sir Victor Blank) and the CEO of Lloyds TSB, Mr Eric Daniels on Friday 4 June 2010. The claims arise out of the high profile Lloyds TSB acquisition...

“Monday newspaper round-up: Prudential, Lloyds Banking, BP” – Sharecast, 7 June 2010

The campaign by Lloyds shareholders to win back some of the £14bn lost in the value of their shares after the HBOS merger will start on Wednesday. Lloyds’ leaders and the Treasury could be sued by Lloyds Banking Group shareholders aggrieved by the merger. A campaign to recruit more of Lloyds’...

“Lloyds shareholders in claim over HBOS” – City AM, 7 June 2010

SHAREHOLDERS in state-backed bank Lloyds Banking Group have launched a £14bn claim against the government and the bank’s directors, saying they were misled into voting in favour of a takeover of rival bank HBOS… [click the link above to read full article]

“Lloyds shareholders begin legal action” – BBC News, 7 June 2010

Shareholders in Lloyds Banking Group have launched legal action to recover up to £14bn they claim to have lost as a result of Lloyds' takeover of HBOS. The shareholders allege that former Chancellor Alistair Darling and Lloyds directors withheld vital information in the run-up to the takeover in...

“Lloyds Shareholders’ Huge Claim Over HBOS” – The New York Times, 7 June 2010

Shareholders of the Lloyds Banking Group made a compensation claim Saturday of £14 billion ($20.2 billion) against the British Treasury, the businessman Sir Victor Blank and the Lloyds chief executive, Eric Daniels, who they maintain masked HBOS’s “huge debts” in the run-up to the...

“Lloyds action group launches £14bn compensation bid” – Money Marketing, 7 June 2010

A group of Lloyds shareholders are preparing to take legal action against the Treasury and Lloyds TSB directors after claims that vital information was withheld regarding HBOS’s finances. According to reports, the shareholders feel aggrieved that they were not informed about the size of the loan...

“LLOYDS SHAREHOLDERS LAUNCH 14 BILLION POUND CLAIM – Reuters, 6 June 2010

Shareholders in state-backed bank Lloyds Banking Group (LLOY.L) have written to the Treasury, Lloyds chief executive Eric Daniels and former chairman Sir Victor Blank, stating that they were misled into voting in favour of a takeover of rival bank HBOS when the takeover documents did not reveal the...

“Lloyds shareholders launch £14bn claim” – The Guardian, 6 June 2010

Test case centres on the disclosure of a £25.4bn loan to HBOS. A group of Lloyds Banking Group shareholders yesterday launched a potential £14bn compensation claim against the Treasury, City grandee Sir Victor Blank and Lloyds chief executive Eric Daniels who they claim hid HBOS's "huge debts" in...

“Lloyds Shareholders commence legal action against HM Treasury and directors” – Press Dispensary, 5

Former Chancellor Darling, Sir Victor Blank and Eric Daniels accused of hiding huge HBOS debts to save merger deal An unprecedented legal action has been launched as a result of the former Labour Government’s handling of the financial crisis which could expose the taxpayer to a £14 billion bill…...

“CHANCELLOR FAILED US” SAY LLOYDS SHAREHOLDERS – SourceWire, 28 March 2010

Campaigners call on investors to halt Government share sale with £2 billion court action. Chancellor Alistair Darling’s Budget 2010 pledge to sell off Government shares in Lloyds Banking Group has led investors to launch a £2 billion claim for compensation and instruct lawyers to investigate a...

“Shareholders plan action against bosses who rode black horse into ground” – The Guardian, 4 June 20

Lloyds rebels will demonstrate their strong feeling that the HBOS takeover deal was pony and trap. A black horse and a miniature pony will be paraded outside the annual meeting of Lloyds Banking Group tomorrow by a new shareholder group planning to take legal action against directors of the bank...