Tag Archive for: pershing advisory

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Avoiding Due Diligence Failure: Follow Up on All Red Flags

This blog takes no position on the malpractice allegations by HSBC that its law firm, Troutman Sanders, dropped the ball on its due diligence of a borrower who ended up costing the bank $75 million when the borrower put fake securities up as collateral. You can read about the lawsuit here and here.