LONDON, June 7 A lawyer for shareholders in RBS
, who are suing the bank over losses related to its 2008
rights issue, has asked a London High Court judge to call off a
trial because a majority of investors had agreed to an
Jonathan Nash said on Wednesday that 87 percent of the
shareholder group had settled or intended to agree to an
out-of-court deal offered by the Royal Bank of Scotland.
Shareholders had alleged the bank and its top executives
misled them during a 12 billion pound ($15.5 billion) cash call
launched just before RBS's near collapse and record bank bailout
in 2008. They lost around 80 percent of their investments.
The court is awaiting a decision by the judge.
(Reporting by Lawrence White, editing by Kirstin Ridley)