Commerzbank AG v. HSBC Bank USA National Association
Case Number:
1:15-cv-10032
Court:
Nature of Suit:
Judge:
Firms
- Kellogg Hansen
- Olshan Frome
- Robbins Geller
- Serpe Ryan
- Weil Gotshal
- Williams & Connolly
- Wollmuth Maher
Companies
Sectors & Industries:
-
December 16, 2019
HSBC Bank USA To Settle Commerzbank RMBS Suit
HSBC's U.S. banking arm has reached a tentative deal to settle a Commerzbank AG lawsuit alleging it caused more than $100 million in losses for the German bank by breaching its duties as trustee for an array of precrisis residential mortgage-backed securities trusts, according to a Manhattan federal court filing.
-
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.
-
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.