{"id":11125,"date":"2009-07-28T00:00:00","date_gmt":"2009-07-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"northern-rock-ex-shareholders-lose-compensation-challenge","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/northern-rock-ex-shareholders-lose-compensation-challenge.html","title":{"rendered":"Northern Rock: ex-shareholders lose compensation challenge"},"content":{"rendered":"<p class=\"font-null\"> Independent &#8211; Former shareholders in nationalised bank Northern Rock failed today in a    renewed legal challenge to the Government&#8217;s &quot;zero return&quot;    compensation scheme. <\/p>\n<p class=\"font-null\"> The Court of Appeal in London dismissed an appeal by individual shareholders &#8211;    including current and retired employees of the Newcastle-based bank &#8211; and    two hedge funds which also stand to lose out, who had attacked the scheme as    &quot;unlawful, unfair and manifestly disproportionate&quot;. <\/p>\n<p class=\"font-null\"> They claimed the compensation scheme was deliberately based on false criteria    which would lead to shares being valued at zero so the Government would    inevitably make a profit when the bank was eventually sold off. <\/p>\n<p><a href=\"http:\/\/www.independent.co.uk\/money\/spend-save\/northern-rock-exshareholders-lose-compensation-challenge-1763447.html\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Independent &#8211; Former shareholders in nationalised bank Northern Rock failed today in a renewed legal challenge to the Government&#8217;s &quot;zero return&quot; compensation scheme. The Court of Appeal in London dismissed an appeal by individual shareholders &#8211; including current and retired [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[14659,2736,14658,11708,11992,3364,6271,81,5661],"class_list":["post-11125","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-compensation-scheme","tag-court-of-appeal","tag-false-criteria","tag-hedge-funds","tag-legal-challenge","tag-london","tag-nationalised-bank","tag-newcastle","tag-shareholders"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11125"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11125\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}