Last minute rush to join Lloyds investor lawsuit over HBOS takeover

The investors, which include around 140 institutions such as pension funds, asset managers and charities, claim they lost around £300m when approving the takeover in 2008. A claim against the state-backed bank is understood to have been filed on Tuesday after thousands of shareholders added their names to the lawsuit in the last two weeks ahead of a deadline, the Telegraph reports. The claim had to be made ahead of a Wednesday deadline - the six-year anniversary of shareholders approving the deal. Shareholders claim that Lloyds breached its fiduciary duty by neglecting to reveal t...