A group of depositors who lost savings in offshore accounts with Kaupthing Singer & Friedlander, the failed Icelandic-owned bank, have hired one of London’s top class action law firms to help recover their money.

The group – which hopes to represent the interests of around 8,000 depositors that lost over £800 million – have appointed David Greene, a partner at Edwin Coe, to examine legal options.

Kaupthing Singer & Friedlander’s Isle of Man operations were frozen along with the rest of the Icelandic giant on October, 8. But while the Government was quick to guarantee onshore savings, the group of offshore account holders says it was left out in the cold.  21-Nov-08.

http://business.timesonline.co.uk/tol/business/law/article5206906.ece