Lehman Brothers Holdings and HSBC Holdings plc (LON: HSBA) may pay $ 1.6 billion

HSBC Holdings will acquire a new headache

In brief: Lehman Brothers Holdings and HSBC Holdings plc (LON: HSBA) may be victims of the judicial system and pay a huge sum.

HSBC Holdings plc (LON: HSBA) is 670.00 points, losing -0.10% by the end of today’s stock trades. Lehman Brothers Holdings and HSBC Holdings may be sued for a total of $ 1.6 billion due to depreciation of securities sold to private investors in Hong Kong.

It is reported that the District Judge in New York William H. Pauley III partially overturned the decision of the judge in the bankruptcy Lehman, dismissed the claim seven holders of structured notes, so-called miniobligatsy. In this case the plaintiffs are investors who purchased notes from 16 June 2003 to September 15, 2008. It is worth noting that miniobligatsii sold approximately 43,000 investors in Hong Kong for the estimated amount of $ 1.8 billion bankruptcy of Lehman in 2008, this investment worthless, triggering a wave of protests that continued even after a settlement last year, the relationship of buyers and sellers of these securities in through the state.

Igor Tringlers
2010-08-10 18:15, Economics.

News on: , , , , , , ,

Post a comment