HSBC Hit With £1.3B Suit By Investors Over Film Scheme

Law360, London (June 22, 2020, 3:18 PM BST) -- More than 300 investors have signed up to a £1.3 billion ($1.6 billion) group action lawsuit in London against the private banking arm of HSBC over the lender's alleged role in marketing Disney film financing schemes.

The investors have accused HSBC of conspiring to persuade them buy the film rights to blockbusters including the second and third "Pirates of the Caribbean" films. (AP) The investments to raise money to finance blockbuster movies have been described as tax avoidance by the U.K.'s tax authority.

Law firm Edwin Coe LLP announced Monday it has filed a claim on behalf of 371 investors against...

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

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!