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

“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 and the chief executive of Lloyds, Eric Daniels, misled investors about HBOS’s dire condition when they thrashed out a takeover of the bank at the height of the finanacial crisis, in September 2008… [click the link above to read full article]