Lloyds Banking Group Plc has entered the final stretch of a months-long court battle with shareholders over its fateful purchase of failing HBOS at the height of the financial crisis. But both sides will have to wait even longer for a verdict.
About 6,000 retail and institutional investors sued for 600 million pounds ($827 million) claiming the bank and its executives deliberately misled them to win approval for the HBOS takeover by failing to reveal the true extent of its catastrophic financial position.