Lawsuits filed against Fortis Fund Services

    Two lawsuits have been filed at Bahamas Supreme Court following the collapse of the Bahamas-registered Oracle Fund, with the loss of more than $100 million. Plaintiffs in one lawsuit are HSBC Bank Middle East, HSBC Investment Bank PLC, HSBC Private Banking Nominees 1 Jersey Ltd, Hunter Douglas Holdings Limited, Lazamar Foundation,  Montsol Investments Inc.