HSBC Faces New Retaliation Suit Over Alleged Harassment

By Max Stendahl (October 23, 2014, 6:13 PM EDT) -- HSBC Securities (USA) Inc. was hit with yet another suit in New York federal court Tuesday alleging it fired an employee who reported a colleague's alleged sexual harassment.

Michael Preston, a former HSBC global banking due diligence analyst, said in the complaint that he was verbally and physically harassed by a male colleague and then fired after informing his superiors. The suit comes as HSBC, the world's second largest bank, faces two other suits in Manhattan court claiming it retaliated against employees who reported that a now-fired executive was sexually harassing a female subordinate — including by allegedly pressuring the subordinate...

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