Jaffe v. Household Intl Inc, et al

  1. November 02, 2016

    CORRECTED: Judge Questions Robbins Geller Expenses In $1.575B HSBC Deal

    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.

  2. October 20, 2016

    Historic $1.6B HSBC Securities Settlement Gets Final Nod

    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.

  3. September 12, 2016

    Class Member Objects To Fee Request In $1.6B HSBC Deal

    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.

  4. August 29, 2016

    Robbins Geller Seeks $388M In Fees After $1.6B HSBC Deal

    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.

  5. June 23, 2016

    $1.6B HSBC Investor Settlement Clears First Hurdle

    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.

  6. June 16, 2016

    HSBC Inks $1.6B Deal To End 14-Year Investor Class Row

    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.

  7. October 17, 2013

    HSBC Unit Hit With Record $2.4B Securities Fraud Judgment

    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.

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