Lloyds Banking Group is defending two High Court claims, one worth up to £1.1 billion and another for £280 million, brought by insolvency practitioners over an alleged £1.2 billion lending fraud at Arena Television, with a trial scheduled for October 2028.

The bank denies allegations that it had enough information to know it should not have processed payments related to the alleged fraud.

Arena, which was based in Surrey and worked on events including the Glastonbury festival for the BBC, collapsed in November 2021 amid allegations that it had been borrowing against television equipment that did not exist or was already pledged to other lenders.

https://bmmagazine.co.uk/legal/lloyds-arena-television-high-court-claims/