HSBC Tries To Shake £118M Stanford Bank Ponzi Scheme Suit

Law360, London (March 23, 2021, 3:36 PM GMT) -- HSBC pushed on Tuesday to overturn findings that it could have breached its duty of care in a £118 million ($163 million) lawsuit over a massive Ponzi scheme at Stanford International, arguing that the failed offshore bank suffered ho harm.

The British lender has told the Court of Appeal that it does not owe a duty of care to Stanford International Bank for missing warnings about a Ponzi scheme. (AP Photo/Frank Augstein) The British lender told judges at the Court of Appeal in London that it does not owe a duty of care to Stanford International Bank Ltd. for missing warning...

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