By PAUL O’DONOGHUE, Senior Correspondent
STANDARD Chartered has lost its bid to limit a £1.5bn lawsuit over alleged Iran sanctions breaches, allowing a broad group of investors to continue their claims.
The High Court in London ruled against the bank on Tuesday. The bank had argued that only investors who had read or were aware of its allegedly misleading statements should be allowed to sue.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
