Fred Goodwin escapes high court appearance as RBS settles lawsuit

Potentially explosive case halted after shareholders accept bank’s last-minute offer of compensation

Fred Goodwin has escaped being summoned to the high court to explain his actions during the 2008 financial crisis, after disgruntled shareholders finally reached a settlement with Royal Bank of Scotland.

In a high-profile and potentially explosive case, thousands of investors argued they were misled into buying the bank’s shares during the bank’s £12bn cash call in April 2008.

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