Tweet
RBS settlement has left business couple feeling 'gutted'
RBS settlement has left business couple feeling 'gutted'
This is a duplicate of the Blog Entry made on: 18th May 2017 18:47
This is a duplicate of the Blog Entry made on: 18th May 2017 18:47
A couple say they still feel "gutted" after settling with Royal Bank of Scotland for allegedly mis-selling them a financial insurance product.
Mike and Diane Hockin had been claiming £30m in damages after losing their property business in 2012. Mr Hockin told the BBC's Wake Up to Money that he had wanted to expose the bank on behalf of other small businesses, but felt he had to settle. RBS has admitted no liability and the final amount has not been disclosed. The two sides reached an agreement three days into a five-week trial earlier this month, ending a four-year legal battle. "I was gutted, I didn't want to (settle) because I don't feel that justice has been done," Mr Hockin told the BBC. "It's not us, it's hundreds of small businesses who have been completely stuffed by this crowd and we weren't able to completely expose them because it would have put us in jeopardy basically.
Read more here
Mike and Diane Hockin had been claiming £30m in damages after losing their property business in 2012. Mr Hockin told the BBC's Wake Up to Money that he had wanted to expose the bank on behalf of other small businesses, but felt he had to settle. RBS has admitted no liability and the final amount has not been disclosed. The two sides reached an agreement three days into a five-week trial earlier this month, ending a four-year legal battle. "I was gutted, I didn't want to (settle) because I don't feel that justice has been done," Mr Hockin told the BBC. "It's not us, it's hundreds of small businesses who have been completely stuffed by this crowd and we weren't able to completely expose them because it would have put us in jeopardy basically.
Read more here