Lloyds investor lawsuit over HBOS deal 'fundamentally flawed', court hears

LONDON (Reuters) - Lloyds Banking Group saw a "unique opportunity" in buying struggling rival HBOS during the credit crisis and an investor lawsuit is "fundamentally flawed", a lawyer for the bank told London's High Court on Thursday. Helen Davies defended Lloyds' actions during the takeover on the second day of a 14-week London trial in which about 6,000 investors are claiming more than 550 million pounds in damages.

from Reuters: Top News http://uk.reuters.com/article/uk-lloyds-hbos-shareholders/lloyds-investor-lawsuit-over-hbos-deal-fundamentally-flawed-court-hears-idUKKBN1CO2RB?feedType=RSS&feedName=topNews