RBS prevails in US fraud lawsuit over pre-crisis disclosures

April 15, 2015 6:48 PM

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NEW YORK, April 15 (Reuters) - A U.S. appeals court on Wednesday declined to hold Royal Bank of Scotland Group Plc liable for allegedly defrauding investors in its American depositary shares by downplaying its subprime asset exposure prior to the global financial crisis.

The 2nd U.S. Circuit Court of Appeals in New York rejected claims by ADS investors seeking to recoup losses on their shares.

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