NY Judge pushes HSBC shareholder suit back the UK for permission
New York Supreme Court Justice Timothy S Driscoll has ruled that Michael Mason-Mahon, who has filed a lawsuit against HSBC Holdings in regards to a $1.9bn fine over money laundering, must first obtain permission from England's High Court before commencing his derivative suit, since HSBC Holding is incorporated in England.

By Carmen Germaine (November 20, 2015, 5:45 PM EST) -- The New York Supreme Court on Thursday dismissed a shareholder derivative suit against HSBC filed after the bank paid a $1.9 billion fine over money laundering, saying the plaintiff has to first obtain permission from England's High Court....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Access to case data within articles (numbers, filings, courts, nature of suit, and more.)

Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.

Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS