New Investors Join £150M RSA Accounting Fraud Share Suit

Law360, London (July 20, 2021, 6:37 PM BST) -- Dozens of new investors have been added to a £150 million ($204 million) shareholder lawsuit against insurer RSA, accused of defrauding the market by overstating its profits, counsel for the claimants said at a London court hearing Tuesday.

Peter de Verneuil Smith QC, representing asset manager Allianz Global Investors GmbH and other investors, said at a High Court case management hearing that the new claims had been issued because the case involves untested areas of securities law.

"As an abundance of caution, we issued new claims with alternative entities. We accept the law regarding the determination of an interest in securities...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!