HSBC Loses Appeal Over Boscov's Credit Cards

Law360, New York (December 1, 2008, 12:00 AM EST) -- Opening the way for the sale of bankrupt department store chain Boscov’s Inc., a federal judge has affirmed a bankruptcy court’s rejection of financial services conglomerate HSBC’s objection to the deal concerning a store credit card program.

On Nov. 25, the U.S. District Court for the District of Delaware affirmed an opinion against HSBC made just four days earlier by a U.S. Bankruptcy Court for the District of Delaware judge, who called the banking giant’s concerns “dubious.”

The district court’s decision was reached in time for...
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