Charles v. HSBC Bank USA, N.A.
- Lorna Schofield
- 1:24-cv-03992
- U.S. District Court · Southern District of New York
- 1
In Charles v. HSBC Bank USA, N.A., Judge Schofield ordered settlement materials after an agreement in principle and canceled conferences and trial.
The parties to the case, Donald Charles and the other plaintiffs, and HSBC Bank USA, N.A., were required to submit settlement materials; all scheduled conferences and the trial were canceled.
What happened
In Charles v. HSBC Bank USA, N.A., the court was informed that the parties had reached a settlement agreement in principle.
The court required the parties to submit the settlement agreement and a joint letter with supporting evidence by April 18, 2025. The materials must address whether the proposed settlement is fair and reasonable.
Judge Schofield also canceled all conferences and the trial. The order did not state that the settlement had received final court approval.
The detailed version
- Charles v. HSBC Bank USA, N.A. · No. 1:24-cv-03992
- Lorna Schofield
- Mar. 19, 2025
Background
The court was informed on March 18, 2025, that the parties had reached a settlement agreement in principle.
Order
The court ordered the parties to submit the settlement agreement and a joint letter with supporting evidence by April 18, 2025. The submissions must address the findings needed for the court to approve the settlement as fair and reasonable. The order cited decisions describing the court's review of proposed settlements.
The court also ordered that all conferences and the trial were canceled. The order did not state that the settlement had been finally approved.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.