Fideres announces its advisory role to institutional investors represented by Stewarts in landmark Section 90 FSMA litigation against The Royal Bank of Scotland Group plc [2014] EWHC 227 (Ch), the first group shareholder claim in the English courts, analyzing alleged misstatements in the bank’s 2008 rights issue prospectus and related shareholder communications.

Fideres conducted detailed examination of RBS’s IPO documentation and subsequent disclosures, identifying material inconsistencies between prospectus representations and the bank’s actual financial condition. The analysis involved forensic review of financial statements, risk disclosures, and regulatory filings to substantiate the claimants’ allegations.

The advisory work underpinned the claimants’ case strategy, with Fideres’ analysis of prospectus misstatements contributing to the substantial settlement ultimately achieved for institutional investors in this landmark shareholder claim.