Plaintiff's Counsel: $2.46 Billion Judgment In Fraud Suit Is Record

CHICAGO - A federal judge in Illinois on Oct. 17 entered a $2.46 billion judgment - the largest judgment following a securities class action trial, according to the lead plaintiff's counsel - against Household International Inc. (now HSBC Finance Corp.) and three of its former executives over allegedly fraudulent lending practices and financial reporting (Lawrence E. Jaffe Pension Plan v. Household International, Inc., et al., No. 02-5893, N.D. Ill.).

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