July 09, 2012
A New York federal judge on Monday granted summary judgment to HSBC Bank USA NA in a $70 million contract suit brought by Toledo Fund LLC alleging the bank failed to properly vet hedge funds included in a structured financial product it sold.
February 03, 2012
A New York federal judge on Friday threw out much of a $70 million contract suit alleging HSBC Bank USA NA failed to properly vet hedge funds included in a structured financial product it sold, including allegations that the bank committed fraud.
November 01, 2011
HSBC Bank USA NA on Monday removed to New York federal court a $70 million breach of contract suit accusing it of failing to properly vet hedge funds included in a European call option it sold.