Phoenix Light SF Limited et al v. HSBC Bank USA, National Association
Case Number:
1:14-cv-10101
Court:
Nature of Suit:
Judge:
Firms
- Barnes & Thornburg
- Goulston & Storrs
- Kellogg Hansen
- Korein Tillery
- Mayer Brown
- Olshan Frome
- Robbins Geller
- Thompson Coburn
- Weil Gotshal
- Williams & Connolly
- Wollmuth Maher
Companies
- Credit-Based Asset Servicing and Securitization LLC
- HSBC Holdings PLC
- Pacific Investment Management Co. LLC
Sectors & Industries:
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April 29, 2022
HSBC Beats RMBS Trustee Suit On Champerty Grounds
A long-running lawsuit accusing HSBC's U.S. arm of failing to protect investors in pre-2008 residential mortgage-backed securitization trusts that it oversaw has become the latest such case against a bank to founder in New York federal court on champerty grounds.
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May 23, 2017
HSBC Fights For Right To Legal Advice Defense In MBS Row
HSBC urged a New York federal court Monday to reject a magistrate judge's recommendation to bar the bank from deflecting blame onto its lawyers in a raft of cases alleging HSBC failed to protect investors from toxic mortgage-backed securities, saying it is too early to know whether it will raise the defense.
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May 09, 2017
HSBC Can't Raise Atty Advice In RMBS Cases, Judge Says
An HSBC Holdings PLC unit facing allegations concerning its oversight of residential mortgage-backed securities trusts cannot defend itself by arguing it relied on its attorneys' advice while refusing to divulge its contents, a New York federal magistrate judge said Monday.