HSBC The First Target In Possible 'Shadow Docket' Blitz

Law360, New York (June 4, 2013, 8:21 PM EDT) -- New York's suit accusing HSBC Bank USA of spawning a massive "shadow docket" by foreclosing on homeowners without filing papers that could have led to quick settlements is likely a first salvo as the state's top prosecutor looks to crack down on financial giants flouting state law, lawyers say.  

New York Attorney General Eric T. Schneiderman is accusing HSBC of flouting a relatively new state law requiring that foreclosure proceedings be coupled with properly served requests for judicial intervention, as well as settlement conferences within 60...
To view the full article, register now.