HSBC Hong Kong Wins Bid To Exit Calif. Ponzi Scheme Suit

By Suevon Lee (October 21, 2016, 9:09 PM EDT) -- A California federal judge on Friday allowed HSBC Hong Kong to exit a proposed class action in which victims of a Ponzi scheme alleged the bank aided the fraud by holding deposits linked to the scheme, saying the court has no personal jurisdiction over the bank....

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