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

“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 the run-up to the government-brokered rescue takeover… [click the link above to read full article]