Friday 18 April 2014
 
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judgment

HSBC hit with $2.46bn judgment in US class action

A unit of British bank HSBC Holdings was hit on Thursday with a record $2.46 billion final judgment in a US securities class action lawsuit against a business formerly known as Household International. The judgment by US Judge Ron

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Saudi Algosaibi 'wins damages claim'

The Grand Court of the Cayman Islands yesterday granted a default judgment in favour of Ahmad Hamad Algosaibi & Brothers (AHAB) against Maan Al Sanea, said a report. AHAB said it would now push for an assessment of damages for conspira

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