Quinn Emanuel hired for RBS lawsuit

The US firm was appointed by the action group acting for several hundred businesses which claim to have been let down by the bank's global restructuring division.

The RBS GRG Business Action Group members includes not only business owners, managers and directors but shareholders and bondholders. The Royal Bank of Scotland's global restructuring group (CRG) is at the heart of the complaints with allegations, denied by RBS, that the group bankrupted viable businesses. Quinn Emanuel got the job after Clyde & Co stepped down following claims of conflicts of interest. It plans to process the first 200 viable claims before the end of the year.

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