Bank attempts to settle high-profile lawsuit in which former chief executive Fred Goodwin would give evidence. Monday 22 May The court convened briefly to hear Jonathan Nash, QC for the shareholders, tell the judge that both sides were involved in settlement discussions.

They were hopeful of making progress, Nash said. The judge, Mr Justice Hildyard, agreed to an adjournment until The investors are accusing the bank, Goodwin and three of his former boardroom colleagues of misleading them in the prospectus which was issued at the time of the April fund raising.

There are about 9, private investors and a handful of major City institutions and local authority pension funds involved in the legal case, so corralling them to take a unanimous view on any settlement is likely to be complicated.

Goodwin has kept a low profile since leaving the bank at the time of the bailout. Goodwin was stripped buying shares racehorses his knighthood in — barely 10 years after being named Forbes business man of the year after the takeover of NatWest. None of the earn money through editing — which so far have buying shares racehorses for about 42p a share — has required RBS to take liability.

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The businessman Trevor Hemmings, who owns Preston North End football club, a chain of pubs and a stable of racehorses, is helping to cover the legal costs of the shareholders. He has admitted to losing significant sums on RBS shares.

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Royal Bank of Scotland: Topics Royal Bank of Scotland. Banking Financial crisis Financial sector Fred Goodwin news. Fred Goodwin escapes high court appearance as RBS settles lawsuit.

RBS investors urged to settle case with bailed-out bank. Action group has told members it has accepted 82p share offer, presented hours before high court case was due to begin. Judge expects update on Royal Bank of Scotland settlement negotiations.

Former RBS boss Fred Goodwin will avoid having to appear in court if multimillion-pound settlement with investors reached. RBS shareholders refuse to settle in effort to force Goodwin to take stand.

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Talks to avert RBS court case to continue into June. RBS could rob us of the chance to see Fred Goodwin grilled in court Nils Pratley.

Last-ditch RBS talks continue as court is adjourned for a second day. The Guardian back to top.