November 02, 2016
An Illinois federal judge on Tuesday took issue with $1.2 million worth of expenses that Robbins Geller Rudman & Dowd LLP accumulated on its way to a record-breaking $1.575 billion settlement between HSBC Holdings PLC unit Household International Inc. and a class of investors alleging securities fraud, saying that the expenses weren't sufficiently supported.
October 20, 2016
An Illinois federal judge signed off on a record-breaking $1.575 billion settlement Thursday that ends a 14-year lawsuit between HSBC unit Household International Inc. and a class of investors alleging securities fraud, over the objections of one class member who said the attorneys' fees were too high.
September 12, 2016
A member of a class of employees in a securities fraud class action against Household International Inc. on Sunday objected to the $388 million request for attorneys' fees as a part of the proposed $1.6 billion settlement reached with Household parent company HSBC Holdings PLC over alleged fraudulent lending practices.
August 29, 2016
Robbins Geller Rudman & Dowd LLP is seeking $388 million in fees following a landmark $1.6 billion proposed settlement in a securities fraud class action in Illinois federal court with HSBC Holdings PLC, according to court filings Monday.
June 23, 2016
An Illinois federal judge on Thursday granted preliminary approval to a $1.6 billion payout by HSBC that will wrap 14 years of litigation accusing a company predecessor of hiding fraudulent lending practices from investors.
June 16, 2016
Hours before the kickoff of a second trial in the case, HSBC Holdings PLC said Thursday it had reached a $1.575 billion deal to resolve a securities class action over alleged fraudulent lending practices, signaling an end to 14 years of litigation that included a $2.4 billion judgment vacated by the Seventh Circuit last year.
October 17, 2013
An Illinois federal judge on Thursday ordered HSBC Holdings PLC unit Household International Inc. to pay $2.4 billion to investors over allegedly fraudulent lending practices and financial reporting, marking the largest judgment following a securities class action trial.