Rewind 2008: HBSC Financial Crisis Settlement Claims Announced At the Start of 2022

Plaintiff claims HSBC Bank failed as trustee for about $2 billion worth of residential mortgage-backed securities trusts (RMBS).

National Credit Union Administration Board v. HSBC Bank US, National Association


District Court, S.D. New York

MAR 20, 2015 | REPUBLISHED BY LINY : JAN 5, 2021

LORNA G. SCHOFIELD, District Judge:

The Court has been informed that the parties have reached a settlement in principle in this case. Accordingly, it is hereby ORDERED that this action is dismissed without costs and without prejudice to restoring the action to the Court’s calendar, provided the application to restore the action is made within forty-five (45) days of this Order.

Any application to reopen filed after forty-five (45) days from the date of this Order may be denied solely on that basis.

Any pending motions are DENIED as moot, and all conferences and deadlines are


Dated: January 3, 2022
New York, New York

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