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Historic $1.6B HSBC Securities Settlement Gets Final Nod

By Jessica Corso ( October 20, 2016, 4:40 PM EDT) -- An Illinois federal judge signed off on a record-breaking $1. 575 billion settlement Thursday that ends a 14-year lawsuit between HSBC unit Household International Inc. and a class of investors alleging securities fraud, over the objections of one class member who said the attorneys' fees were too high. . . .

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