Friday 13 February 2009

Rock investors lose court case

Former Northern Rock shareholders have lost their legal challenge to the government's plan to compensate them.

In the High Court last month they argued the government had deliberately undervalued the bank in the run up to its nationalisation last year.

This had infringed their human rights, they argued, and meant they would now receive nothing.

Full article found on the BBC Website

Robin Ashby has done interviews with IRN and Tyne Tees News today on the issue

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