Prudential, Aviva to sue Royal Bank of Scotland over rights issue, Reuters says
Prudential (PUK), Aviva (AV), Legal & General (LGGNY), Standard Life and Universities Superannuation are set to file lawsuits in London against Royal Bank of Scotland (RBS) next week over the bank's 2008 rights issue, Reuters reports. The RBS investors claim they were misled over the rights issue and are claiming more than GBP1B back. The case could cost RBS billions of pounds in compensation.