Inner City Press





In Other Media-eg New Statesman, AJE, FP, Georgia, NYTAzerbaijan, CSM Click here to contact us     .



These reports are usually available through Google News and on Lexis-Nexis
,



Share |   

Follow on TWITTER

Home -

These reports are usually available through Google News and on Lexis-Nexis

CONTRIBUTE

(FP Twitterati 100, 2013)

ICP on YouTube

More: InnerCityPro

BloggingHeads.tv
Sept 24, 2013

UN: Sri Lanka

VoA: NYCLU

FOIA Finds  

Google, Asked at UN About Censorship, Moved to Censor the Questioner, Sources Say, Blaming UN - Update - Editorial

Support this work by buying this book
Belt and Roadkill
(and paperback)

Click on cover for secure site orders

also includes "Toxic Credit in the Global Inner City"
 

 

 


Community
Reinvestment

Bank Beat

Freedom of Information
 

How to Contact Us



HSBC Is Sued For Role In Failed China Iron Ore Sale Described As Dictating Bank to Use

By Matthew Russell Lee, Patreon Maxwell Book
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Jan 3 – Lamda Solutions Corp. got advanced banking commitments from HSBC to broker a deal between a Chinese company buying, and a Mexican company selling, 13 shipments of 80,000 tons of iron ore each. Things fell apart, and Lamda sued.        

        On January 3, U.S. District Court for the Southern District of New York  Judge Gregory H. Woods held a proceeding. Inner City Press covered it.

  Much of the discussion on January 3 centered on a blacklined amendment complaint that Lamda who filed later in the day.

When it was filed it renamed HSBC Bank from N.A. to National Association; it added that HSBC had required the Chinese buyer to use a bank HSBC found acceptable.

The case is Lamda Solutions Corp. v. HSBC Bank USA, N.A., 21-cv-2259 (Woods)

***

@SDNYLIVE courthouse #CourtCastCast
                              200 Worth Street
Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron.

Feedback: Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA

Mail: Box 20047, Dag Hammarskjold Station NY NY 10017

Reporter's mobile (and weekends): 718-716-3540



Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.

 Copyright 2006-2022 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com