Judge Jed Rakoff ends oral arguments in the case between HSBC (HBC) and Madoff's trustee, saying...

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

Judge Jed Rakoff ends oral arguments in the case between HSBC (HBC) and Madoff's trustee, saying he needs to spend 'a lot of time' looking over the material. HSBC will now have to wait until the end of July to find out whether trustee Irving Picard will be cleared to move forward with his $9B suit against the bank.