Saturday, May 8, 2021

HSBC Accused For Breaching China Mexico Iron Ore Deal In SDNY Lawsuit

 

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

SDNY COURTHOUSE, May 5 – Lamda Solutions Corp. counted  on HSBC Bank in connection with brokering a iron ore deal between China and Mexico. HSBC reneged, and Lamda sued.  

 On May 5, U.S. District Court for the Southern District of New York Judge Gregory H. Woods held a proceeding. Inner City Press covered it. 

 Judge Woods asked where in the complaint the breach of contract was to be found.

The plaintiff's lawyer pointed to Paragraph 10, that HSBC "confirmed its interest in proceeding with the transaction." HSBC's Yonkers branch is cited.

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

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