HSBC’s Suit Against DB To Proceed

29 Jul 2013

U.S. District Judge Robert Sweet of Manhattan has rejected Deutsche Bank’s bid to dismiss a lawsuit filed by HSBC Bank USA, serving as trustee, which alleges that the German bank misrepresented the loans underlying and estimated $540 million in residential mortgage-backed securities.

U.S. District Judge Robert Sweet of Manhattan has rejected Deutsche Bank’s bid to dismiss a lawsuit filed by HSBC Bank USA, serving as trustee, which alleges that the German bank misrepresented the loans underlying and estimated $540 million in residential mortgage-backed securities.

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