Investors Expand HSBC Claims In Tax Scheme Fight

Law360, London (June 21, 2019, 7:48 PM BST) -- A group of fund managers, celebrities and bankers suing a media investment specialist over a failed tax relief scheme have broadened their London lawsuit to accuse HSBC's private banking arm of lending money to fuel the film investments, despite knowing they wouldn't work. 

The group, which includes Broadway composer Andrew Lloyd Webber, investment managers and private equity researchers, accused HSBC Private Bank in London's High Court of loaning Ingenious Media funds with strict limitations on how it could be spent. 

Their lawsuit is just one prong in a handful of separate, but related lawsuits involving hundreds of well-known sport and entertainment...

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