Triaxx Prime CDO 2006-1, Ltd. et al v. HSBC Bank USA, National Association
Case Number:
1:15-cv-10096
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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.
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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.