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Murray, Frank & Sailer LLP Investigating Claims against Royal Bank of Scotland Group, plc, Concerning Series R and Series U Pre

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^{Published in Business and Finance on Friday, February 6th 2009 at 20:08 GMT, Last Modified on 2009-02-06 20:09:13 by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Murray, Frank & Sailer LLP is conducting an investigation of the Royal Bank of Scotland Group, plc ("RBS") (NYSE:RBS), regarding the claims of purchasers and acquirers of: 1) RBS Series "R" 6.125% Preferred Stock (CUSIP 780097747; Google Finance: RBS-PR; Yahoo! Finance: RBS-R) pursuant to the December 13, 2006 public offering; and/or 2) RBS Series "U" 7.64% Preferred Stock (CUSIP 780097697) pursuant to the September 25, 2007 public offering. The investigation concerns violations of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 through the issuance of a materially false and misleading registration statement, prospectuses, and other documents. These documents failed to disclose risks that: 1) RBS's exposure to the sub-prime mortgage market was understated in violation of Generally Accepted Accounting Principles ("GAAP"); 2) RBS's risk control systems did not function properly; 3) as a result of such exposure, RBS would be forced to take write-downs; 4) such write-downs would substantially decrease RBS's capital levels; and 5) this would force RBS to accept a bailout by the British government. As these events occurred, the price of RBS securities plummeted.

If you purchased Series R or Series U Preferred Stock on the offerings, as described above, you may move the Court, not later than March 13, 2009, to serve as lead plaintiff. A lead plaintiff is a representative chosen by the Court who acts on behalf of other class members in directing the litigation. If you purchased RBS Series R or Series U Preferred Stock, or any other RBS securities, and wish to discuss the lawsuit, or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact us.