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Purchase of ailing HBOS exposed Lloyds shareholders to 'colossal risk', lawyers argue

Mar 01, 2018 - The Daily Telegraph (London)

LLOYDS exposed its shareholders to "colossal risk" by buying ailing rival HBOS in the teeth of the financial crisis, lawyers representing investors who claim they lost out have told the High Court.

A long-running £600m lawsuit against Britain's biggest high street bank is nearing an end, with closing arguments starting in court yesterday.

More than 6,000 shareholders are suing Lloyds and key ex-bosses for losses they claim they incurred because they were misled about HBOS's parlous ...