HSBC Hit With $2.5 Billion Class Action Lawsuit

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HSBC Hit With $2.5 Billion Class Action Lawsuit
By HSBC Holdings plc (http://www.hsbc.com/1/2/) [Public domain], via Wikimedia Commons

HSBC Holdings plc (ADR) (NYSE:HBC) (LON:HSBA) was hit with a record $2.46 billion (1.52 billion pounds) final judgment in a U.S. securities class action lawsuit.

HSBC Hit With $2.5 Billion Class Action Lawsuit

The judgment, considered the largest in a securities fraud class action, was filed against a business formerly known as Household International Inc.

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