Developer Denied Docs In £80M Lloyds Misselling Suit

Law360, London (July 30, 2019, 6:39 PM BST) -- A London judge refused Tuesday to let a developer get documents about its liquidated portfolio from a major property manager for its £80 million ($97.3 million) suit accusing a Lloyds Banking Group unit of misselling interest rate swaps. 

Ventra Investments Ltd. isn't entitled to materials held by Grainger PLC or Dickinson Dees, a law firm that advised Lloyds-owned Bank of Scotland on the sale of Ventra's properties, because the documents are outside of the bank's control, the High Court ruled.

Richard Salter QC, sitting as a judge for the court, ruled that Grainger couldn't be termed as an agent under its management...

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