![]() He new provisions include setting aside an extra £1.9 billion to cover litigation and other claims around mortgage-backed securities sold before the financial crisis. What does the WSJ mean by "legal costs"? Just this (with our emphasis in the RBS article): " Backdating Scandal Carried Steep Legal Costs" " Investors Punish Citi's Legal Costs, Look Past Morgan Stanley's" Blawgletter knows because of recent WSJ headlines, which include these: You would never equate "legal costs" with damages – payment for actual harm - would you? No, of course you wouldn't.īut you should know that The Wall Street Journal begs to differ with you. You know what the phrase "legal costs" refers to, right? It means the amount that a plaintiff spends to achieve a recovery by way of pressing a lawsuit? US Airways, Inc.
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