A London judge has given ROYAL BANK OF SCOTLAND and thousands of investors until June 1 to agree a deal that would avert a trial over the bank's £12bn cash call in 2008. RBS has offered almost £1bn to settle investor allegations that it misled them. If it reaches a deal, RBS will avoid a trial that would rake over its near collapse and force former chief executive Fred Goodwin to testify. Judge Robert Hildyard last week adjourned proceedings at London's High Court to June 7 after days of intense talks failed to yield an out-of-court settlement. He ordered both sides to notify him of any deal by June 1 or face trial.
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