Commerzbank AG v. HSBC Bank USA National Association

  1. December 16, 2019

    HSBC Bank USA To Settle Commerzbank RMBS Suit

    HSBC's U.S. banking arm has reached a tentative deal to settle a Commerzbank AG lawsuit alleging it caused more than $100 million in losses for the German bank by breaching its duties as trustee for an array of precrisis residential mortgage-backed securities trusts, according to a Manhattan federal court filing.

  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.