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British class action against NAB, Virgin Money heads to court

Hans van Leeuwen
Hans van LeeuwenEurope correspondent

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London | A long-running British class action against National Australia Bank and its former subsidiary Clydesdale & Yorkshire Bank (CYBG), now known as Virgin Money, will have its first day in court at the year's end.

British claims management company RGL has amassed a further 368 small-business claimants and late on Thursday (AEDT) filed their suit, bringing its claimant count to 509 in a case it says is worth potentially hundreds of millions of dollars.

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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com

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    Original URL: https://www.afr.com/world/europe/british-class-action-against-nab-virgin-money-heads-to-court-20201015-p565an