January 25, 2012
HSBC Holdings PLC has withdrawn its $62.5 million settlement offer to a putative class of foreign investors in a feeder fund for Bernard L. Madoff's Ponzi scheme, the bank said Monday, citing a New York federal judge's decision that the case belongs overseas.
November 29, 2011
A New York federal judge on Tuesday tossed a multibillion-dollar action against more than 60 defendants, brought by a putative class of investors in foreign funds that fed Bernard L. Madoff's doomed Ponzi scheme, saying the claims belonged in courts outside the U.S.
November 28, 2011
HSBC Holdings PLC on Monday submitted a modified version of a proposed $62.5 million settlement with a class of investors in a Madoff feeder fund, in a bid to reverse a judge's earlier decision to shoot down the deal.
September 07, 2011
A New York federal judge on Wednesday rejected a proposed $62.5 million settlement between HSBC PLC affiliates and a putative class of investors in an Irish feeder fund that allegedly poured money into Bernard L. Madoff's doomed Ponzi scheme.
July 21, 2011
A New York federal judge on Thursday criticized parts of HSBC Holdings PLC's proposed $62.5 million settlement of a class action brought by Irish feeder fund investors who lost money in Bernard L. Madoff's Ponzi scheme.
June 30, 2011
Defendants including Austrian financier Sonja Kohn and Italian bank UniCredit SpA asked a New York federal judge on Wednesday to toss a multibillion-dollar suit brought by investors who put money in foreign funds that fed Bernard Madoff's massive Ponzi scheme.
June 07, 2011
HSBC Holdings PLC on Tuesday agreed to a $62.5 million settlement in a class action brought in New York federal court by investors in an Irish investment fund that pumped money into Bernard L. Madoff's Ponzi scheme.