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HSBC Says Plaintiffs Risk No Recovery If $1.8M Deal Not OK'd

By Steven Trader (August 28, 2015, 6:33 PM EDT) -- HSBC PLC urged a Colorado federal judge to approve a $1.8 million settlement reached with putative class members who alleged the bank took kickbacks for steering consumers into inflated flood insurance contracts, saying Friday the group faced the "very real risk" of no recovery without the deal....

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