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McCarn v. HSBC USA, Inc.: A Federal Court Dismisses a Plaintiff’s Attempt to Apply Antitrust-Conspiracy Principles to a Consumer Financial Protection Statute

On December 26, 2012 by Schnader

On November 13, 2012, the U.S. District Court for the Eastern District of California issued an important decision rejecting a plaintiff’s attempt to apply antitrust-conspiracy principles to a consumer financial protection statute and clarifying the specificity of pleading required to obtain relief from the applicable statute of limitations via the equitable tolling, fraudulent concealment, and delayed discovery doctrines. This Alert discusses the court’s decision and the lessons to be learned from it.

Please click here to read the full Alert.