Bloomberg News

Madoff Trustee’s HSBC Lawsuit Restored to Bankruptcy Docket

February 01, 2012

(Updates with background on docket in second paragraph.)

Feb. 1 (Bloomberg) -- A 2010 lawsuit against HSBC Holdings Plc by the trustee liquidating Bernard Madoff’s firm was restored to the bankruptcy court docket as the trustee prepares filings on an appeal of a district judge’s ruling that barred him from claiming common-law damages.

The suit, filed in December 2010, was reentered on the docket yesterday after the original suit was no longer available on the docket.

The suit seeks $6.6 billion in damages from the bank, plus $2 billion in transfers from other defendants.

The case is Picard v HSBC Bank Plc, 09-01364, U.S. Bankruptcy Court, Southern District (Manhattan).

--Editor: John Pickering

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net


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