A State Supreme Court justice in Brooklyn is threatening sanctions against the chief executive officer of HSBC Bank USA, blaming her personally as head of the bank for filing what he called false and misleading documents involving “robosigning” in a home foreclosure case.
In a complex decision issued in early July, Justice Arthur M. Schack denounced what he called the “frivolous conduct” and the submission of fraudulent paperwork by HSBC and the attorney representing it in the case, Frank M. Cassara of Shapiro, DiCaro&Barak LLP in Rochester.
He said the documentation submitted to the court by Cassara and HSBC to support the foreclosure is full of defects and “material factual statements that are false.” And he criticized their case as a “waste of judicial resources.”
Schack threw out the foreclosure case itself, declaring that HSBC lacked the legal right to foreclose on a woman’s home because it did not own the loan.
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