lks loom over assessment to avoid an embarrassing court date for British bank, RBS. I'm Andrew MacAskill, UK banking correspondent for Reuters. We're here in one of the last groups that's suing Royal Bank of Scotland over the rights issue it launched in 2008, is in talks with the bank to settle the case.
And this would end one of the most expensive, complicated cases in English history. RBS is desperate to avoid this case going to court. RBS is been desperate to move on for the crisis years and this would just be a case that would be front page news and remind everybody about all those events, from that period.
Frank Goodwin hasn't really been seen since about 2009, when he appeared before lawmakers. And he would be forced to give evidence and it would be a massive media circus and story, that the bank is desperate to avoid. Well, It all stems back from 2008, where RBS launched, then record rights issue just before it was bailed out by the government.
>> Case of RBS.>> And, the case has been going through the courts over the last few years. And we're now two months away from the trial. And if they can't reach agreement, then this could potentially even go on to about 2023. There's no guarantee that, although even though discussions are going on that there'll be a settlement.
There are factions within the groups suing the bank that are very emotional about this case. And even if some members of the group decide to settle, there's a possibility that there could be a breakaway group, who continues to take the case to court in a couple of month's time.