P504 Teletext 504 Oct11 21:50:10         —————————————————————————————  NAMES FACE COURT PROCEEDINGS Lloyd's of London has started legal action against hundreds of Names who refused to settle outstanding claims. Initially it has selected 240 out of the total 1,800 Names worldwide who between them owe £500m. Those involved refused to sign up when Lloyd's offered a £3.2bn settlement deal to help absorb their losses from insurance policies that went wrong. ——————————————————————————————————————— Financial headlines 500 City index 501 Download and Analyse Share Prices on Your PC See Pages 532 & 533 Next CompNews Shares Family Finance