Aberdeen Asset Management paid out nearly $100 million late last week to settle allegations of relating to the split capital investment trust scandal that rocked UK markets early in this decade.

The action against Aberdeen began back in 2005 was brought by Real Estate Opportunities., a split trust formerly managed by Aberdeen. The decision to settle followed a favorable court ruling for REO, which would have given the plaintiff access to Aberdeen records it has been seeking.

Further details on the Aberdeen settlement, here, via the Times Online.

-- MDT

Labels: Aberdeen Asset Management, Real Estate Opportunities, split trust