Harris Penn Lowry Llp

Judges disagree if county can sue, but appeal won't slow Cook's predatory lending suit vs HSBC

By Dan Churney | Monday, Feb 1, 2016 @ 4:18pm

A Chicago federal judge will not slow down Cook County’s predatory lawsuit against HSBC, denying a request from HSBC to place the county’s legal action on hold to allow a federal appeals court to iron out differing opinions among local federal judges as to whether the county actually has standing under federal law to sue HSBC and other banks over allegations the banks discriminated against borrowers based on race and worsened local housing markets.