Breaking News

S&P 500 Caps Biggest Rally in a Year, Up 1.9% to 1,941

Madoff Trustee’s HSBC Lawsuit Restored to Bankruptcy Docket

A 2010 lawsuit against HSBC Holdings Plc (HSBA) 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).

To contact the reporter on this story: Linda Sandler in New York at

To contact the editor responsible for this story: John Pickering at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.