HSBC bank in Washington, D.C. Trustee Bank Asks NY High Court to Allow It to Revive Lawsuit Over Mortgage-Backed Securities Collapse
The Court of Appeals was asked whether HSBC Bank, as an executor of an investment-holding trust, could be a plaintiff and revive an action that was filed by another party that had been dismissed without prejudice. Lawyers from McKool Smith and Simpson Thacher squared off.
May 19, 2022 at 05:52 PM
4 minute read
HSBC bank in Washington, D.C.
McKool Smith principal Zachary W. Mazin asked the high court to revive a breach of contract claim on behalf of his trustee client, HSBC Bank, against DB Structured Products, Inc.
The parties' mortgage loan purchase agreement dates to 2006.
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