HSBC Retaliated Against Fired Exec's Accusers, Suits Claim

Law360, New York (October 21, 2014, 5:15 PM EDT) -- HSBC Securities (USA) Inc. is facing a pair of lawsuits in New York federal court alleging it retaliated against employees who reported that a now-fired executive was sexually harassing a female subordinate, including by pressuring her to have sex with bank clients.

The previously unreported suits, filed June 20 and Aug. 14, claim that Eileen Hedges, formerly the senior vice president and head of business development for the bank's North American unit, repeatedly harassed an unnamed 27-year-old subordinate referred to as Jane Doe. The complaints say Hedges inappropriately touched Doe, encouraged her to dress provocatively and pressured her to have sex...

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