Hoover et al v. HSBC Mortgage Corporation (USA) et al
Case Number:
3:13-cv-00149
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Berger Montague
- Carlton Fields
- Cates Mahoney
- Greenberg Traurig
- Hancock Estabrook
- Levin Sedran
- Stroock & Stroock
Companies
Sectors & Industries:
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April 10, 2015
HSBC, Assurant To Pay $1.8M To End Insurance Kickback Row
HSBC PLC and Assurant Inc. agreed to pay $1.8 million to end a class action alleging the bank took kickbacks for steering consumers into inflated flood insurance contracts, according to a motion for preliminary approval of the deal filed in Colorado federal court Friday.
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January 05, 2015
HSBC, Assurant Near Force-Placed Insurance Settlements
HSBC PLC and Assurant Inc. are close to settling two class action lawsuits alleging that they engaged in a scheme in which the bank received kickbacks for steering consumers into inflated flood insurance contracts, according to court documents filed Monday.
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March 28, 2014
HSBC, Assurant Mired In Force-Placed Coverage Class Action
A New York federal judge on Thursday refused to absolve HSBC Bank USA NA of taking kickbacks in return for forcing excessive Assurant Inc. flood insurance on mortgagors, finding that standard lending contracts do not unambiguously afford the bank the right to select coverage limits.