The High Court has ruled in Upham and others v HSBC UK Bank Plc [2024] EWHC 849 that HSBC did not deceive hundreds of investors in a £1.3 billion fraud claim. The claim alleged that the bank had misled investors into financing a Disney movie tax relief scheme, later judged by HMRC as tax avoidance.

https://www.linklaters.com/en/insights/blogs/bankinglitigationlinks/2024/may/high-court-rules-hsbc-not-liable-in-fraud-claim-for-disney-film-financing-tax-scheme