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Ex-Lloyds bosses to spend more than £20m in HBOS case

Bank and former directors are fighting a £600m case against 5,800 shareholders

Ex-Lloyds bosses to spend more than £20m in HBOS case
Photo: Getty Images

Lloyds Banking Group and five of its former directors will spend more than £20m defending a case brought by 5,800 shareholders over the crisis-era acquisition of Halifax Bank of Scotland.

The multimillion-pound bill includes sums paid to lawyers and expert witnesses as the bank fights a £600m case against shareholders who say they were "mugged" by the deal.

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