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.
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