Lost amid the hoopla over JP Morgan Chase’s record-setting $13 billion settlement this fall was news of another monster court resolution – a $2.46 billion judgment, the largest ever awarded after trial in a securities fraud class action case, handed down in October against a HSBC acquisition called Household International.
via Lurid Subprime Scams Unveiled in Long-Running Fraud Trial | Matt Taibbi | Rolling Stone.
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