Monday, January 12, 2009

Gimme the money!

According to a report by the Times (click here) sharholders of Northern Rock are due to claim that the value of their shares (5 pence) established during the nationalisation wrongly assumed that the bank was no longer a "going concern" and demand compensation.

Interestingly the state's "deep pockets" remain to be a more attractive target to the sharholders of Northern Rock than those of the bank's leadership (and their D&O insureres).

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