Phoenix Light SF Limited et al v. HSBC Bank USA, National Association

  1. April 29, 2022

    HSBC Beats RMBS Trustee Suit On Champerty Grounds

    A long-running lawsuit accusing HSBC's U.S. arm of failing to protect investors in pre-2008 residential mortgage-backed securitization trusts that it oversaw has become the latest such case against a bank to founder in New York federal court on champerty grounds.

  2. May 23, 2017

    HSBC Fights For Right To Legal Advice Defense In MBS Row

    HSBC urged a New York federal court Monday to reject a magistrate judge's recommendation to bar the bank from deflecting blame onto its lawyers in a raft of cases alleging HSBC failed to protect investors from toxic mortgage-backed securities, saying it is too early to know whether it will raise the defense.

  3. May 09, 2017

    HSBC Can't Raise Atty Advice In RMBS Cases, Judge Says

    An HSBC Holdings PLC unit facing allegations concerning its oversight of residential mortgage-backed securities trusts cannot defend itself by arguing it relied on its attorneys' advice while refusing to divulge its contents, a New York federal magistrate judge said Monday.

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