Clyde & Co is gearing up to bring a major class action against a subsidiary of HSBC over the alleged mis-selling of insurance policies, which could be worth up to £330m. The firm is getting ready to set up a group action to seek compensation from HFC Bank, which is owned by UK lending giant HSBC, after HFC was fined around £1m by the Financial Services Authority in January for mis-selling payment protection insurance.
May 06, 2008 at 06:33 AM
1 minute read
The original version of this story was published on Legalweek
Clyde & Co is gearing up to bring a major class action against a subsidiary of HSBC over the alleged mis-selling of insurance policies, which could be worth up to £330m.
The firm is getting ready to set up a group action to seek compensation from HFC Bank, which is owned by UK lending giant HSBC, after HFC was fined around £1m by the Financial Services Authority in January for mis-selling payment protection insurance.
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