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"We certainly believe the report should be made public," said Jonathan Levine, a lawyer at the firm U.S. Girard Gibbs, pursuing the Bank on behalf of u.s. investors. "Given the magnitude of what happened and that RBS is now essentially a Government entity, there should be disclosure to the public."

Based in San Francisco, Girard Gibbs filed its collective redress before a court in Manhattan to pursue grievances of the investors who bought shares preferred RBS between March 2007 and January 2009. United States, a combination of collective redress is a cheaper way for large numbers of claimants to pursue a similar legal action.

"Failed to make the public report also raises the question of whether there is something to hide," Mr. Levine said the Sunday Telegraph. "" "" "The report may fail to find any conduct criminal, but to the extent where errors and the errors were made by the company and its leadership in the presentation information - whether by error or negligence - which could give rise to liability pursuant to the securities laws," he said.

The suit by Girard Gibbs is one of the combinations of collective redress at least two of us investors against the now State Bank. RBS has denied the allegations, but Mr. Levine is confident a N.y. judge will make a decision regarding takes place in the new year.

Separately, represents the United States Cherie Blair, pension fund the case their UK against RBS.

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