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May 22, 2015

HSBC Unit Granted New Trial in $2.5B Securities Suit

HSBC Finance Corp., formerly Household International Inc., won a new trial in a securities suit against its mortgage unit that totaled $2.5 billion.

The Seventh Circuit on Thursday concluded that the jury in the original trial had not considered how the company’s stock price had been affected by truthful statements made by top brass.

Read the full post here.

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