Will RBS and shareholders settle or will they fight?

Will RBS and shareholders settle or will they fight?

Will the Royal Bank of Scotland and its shareholders settle out of court or will they fight? We should know within the next half hour or so. A decision will need to be made before the start of the working day at court 15 at the Rolls Building, Fetter Lane, London, at 10.30am.

The original timetable was for oral opening submissions to begin on 22 May with closing submissions on 16 October.

For what it's worth, this observer thinks the shareholders will settle rather than risk being encumbered with the bank's £100m-plus legal costs should they proceed and lose their case.

Original timetable according to action group

• Oral opening submissions
• 22 May 2017
• Factual evidence commences starting with the Individual Director Defendants
• 7 June 2017
• Sir Tom McKillop
• 7 June 2017
• Fred Goodwin
• 8 June 2017
• Guy Whittaker
• 13 June 2017
• Other factual witnesses
• 19 June 2017
• Johnny Cameron
• 30 June 2017
• Oral expert evidence testimony commences
• 18 July 2017
• Close of oral evidence
• 28 July 2017
• Wrotten [sic] closing submissions to be submitted
• 29 September 2017
• Oral closing submissions
• 16 October 2017