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Citibank Sued by Lehman Minibond Investor

Citibank became the first financial institution in Hong Kong to be taken to court by the Consumer Council over the Lehman Minibond case.

Nurse Chan Mei-ying is suing Citibank on the grounds that it misrepresented the nature and risk of a financial product. She claimed to have lost HK$500,000.

The Consumer Council is also preparing for more than 100 other cases that have potential for court action.

Read complete story here:

Lehman Investor to Get Her Day in Court

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Huge Debt says 12 years ago

How about those banks in S’pore being sued, any update?

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