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Standard Chartered settles £1.5bn FSMA ss 90 and 90A investor claim as English Court of Appeal rejects bid to withhold regulatory documents in Iran sanctions disclosure case

Published on: 10 December 2025

Published by a Law360 reporter
Legal News
Article summary

A trial had been due to take place at the High Court in October 2026.

Standard Chartered indicated that a settlement was considered the appropriate route to conclude the dispute and draw a line under the case. The bank faced a claim brought by 216 claimants, acting on behalf of more than 1,400 funds.

According to the investors, the British-based multinational bank withheld or failed to reveal crucial details in its prospectuses, in particular concerning compliance with US sanctions against Iran. They argue they relied upon those publications when acquiring securities issued by the bank, as well as when holding or disposing of them, and have consequently incurred losses.

In a market announcement on 5 December 2025, Standard Chartered said it remains committed to serving the best interests of all shareholders, which extends to meeting its reporting and disclosure duties. Nevertheless, the statement reaffirmed that Standard Chartered denies any and all liability...

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