September 10, 2012

HSBC Hits Troutman Sanders With $75M Malpractice Suit

As reported in Law360 by Ben James

HSBC Bank USA NA slapped Troutman Sanders LLP and a former Troutman partner with a malpractice lawsuit in New York on Friday, claiming their negligence enabled a former fundraiser for President Barack Obama to steal $75 million after putting up nonexistent securities as loan collateral.

Our client was represented in the action by Bijan Amini, Lita Beth Wright and Casey J. Hail.

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