October 24, 2013 - The U.S. Court of Appeals for the Second Circuit affirmed the judgement of the District Court.
September 18, 2012 - The lead plaintiff filed a notice of appeal.

September 6, 2012 - The court entered a judgement in favor of the defendants and closed the case.

September 4, 2012 - The court granted defendants' motion to dismiss with prejudice.

June 1, 2011 - Defendants filed motions to dismiss.

March 18, 2011 - The lead plaintiff filed another amended complaint.

January 11, 2011 - The court dismissed certain counts with prejudice, dismissed certain defendants with prejudice, dismissed plaintiffs and counsel from the case with prejudice and appointed a sole lead counsel for the remaining lead plaintiff.

July 20, 2010 - Defendants filed an amended motion to dismiss.

October 23, 2009 - Defendants filed motions to dismiss.

July 15, 2009 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased American Depositary Receipts (ADRs) of Royal Bank of Scotland Group Plc (The) (NYSE: RBS) between March 1, 2007 and January 19, 2009 and through several public offerings. The lead plaintiffs allege that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between March 1, 2007 and January 19, 2009 and through several public offerings.

May 5, 2009 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

March 13, 2009 - Lead plaintiff motions were filed.

January 12, 2009 - An investor in American Depositary Receipts (ADRs) of Royal Bank of Scotland Group Plc (The) (NYSE: RBS) has filed a lawsuit in the U.S. District Court for the Southern District of New York on behalf of purchasers of Royal Bank of Scotland Group Plc (The) (NYSE:RBS) American Depositary Shares (“ADSs”) pursuant and/or traceable to a false and misleading registration statement and prospectus issued in connection with Royal Bank of Scotland Group Plc (The)’s June 2007 initial public offering of 38 million Non-cumulative Dollar Preference Shares, Series S.

According to the complaint the plaintiff alleges that Royal Bank of Scotland Group Plc (The) (NYSE: RBS) and certain of its officers and directors violated the Securities Act of 1933 by issuing Royal Bank of Scotland Group plc (The)’s Offering pursuant to the false and misleading Registration Statement, selling 38 million Non-cumulative Dollar Preference Shares, Series S (“Series S ADSs”) at $25 per share, for proceeds of approximately $950 million. The Registration Statement incorporated Royal Bank of Scotland Group plc (The)’s financial results for 2004, 2005 and 2006. According to the lawsuit Royal Bank of Scotland Group plc (The) ultimately announced huge multi-billion pound impairment charges associated with its exposure to debt securities, including mortgage-related securities tied to the U.S. real estate markets, causing the price of Royal Bank of Scotland Group plc (The)’s Series S ADSs issued in the Offering to decline. Royal Bank of Scotland Group plc (The) ADSs now trade at approximately $10 per share.