RBS ordered to hand over documents in shareholder cash call case

Royal Bank of Scotland on Thursday lost a court battle to withhold transcripts, notes and interview records from thousands of retail investors suing the bank over an ill-fated, 12 billion pound ($15 billion) share sale in 2008. Judge Robert Hildyard rejected an attempt by RBS to class the documents as legally privileged and confidential in a judgment welcomed by a group of 27,000 retail investors, who hope the information will bolster their case ahead of a trial next March.