By Matthew Russell Lee, Patreon Maxwell Book
BBC - Guardian UK - Honduras - ESPN
SDNY COURTHOUSE, Jan 3 – Lamda Solutions Corp. got advanced banking commitments from HSBC to broker a deal between a Chinese company buying, and a Mexican company selling, 13 shipments of 80,000 tons of iron ore each. Things fell apart, and Lamda sued.
On January 3, U.S. District Court for the Southern District of New York Judge Gregory H. Woods held a proceeding. Inner City Press covered it.
Much of the discussion on January 3 centered on a blacklined amendment complaint that Lamda who filed later in the day.
When it was filed it renamed HSBC Bank from N.A. to National Association; it added that HSBC had required the Chinese buyer to use a bank HSBC found acceptable.
The case is Lamda Solutions Corp. v. HSBC Bank USA, N.A., 21-cv-2259 (Woods)
***
Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron.
