Lawyers bolster ranks for class action against Clydesdale

Lawyers behind the British class action against National Australia Bank and its former subsidiary, Glasgow-based Clydesdale & Yorkshire Bank have announced the recruitment of up to 550 new claimants to the lawsuit, in a bid to inject fresh momentum into the long-running campaign.

RGL Management, the London claims management firm run by Australian lawyer James Hayward, has been marshalling claimants for about 18 months to challenge the two banks in court over about 8300 fixed-rate business loans that Clydesdale issued to British customers between 2001 and 2012.