CHICAGO, May 21 (Reuters) - A U.S. appeals court on Thursdaysaid HSBC Holdings Plc is entitled to a new trial in along-running securities fraud case that led to a $2.46 billionjudgment against a consumer finance business it bought more than12 years ago.
The 7th U.S. Circuit Court of Appeals in Chicago said HSBCFinance Corp, once known as Household International Inc,deserves a new trial over whether firm-specific, non-fraudfactors contributed to the decline in Household's stock pricethat was the basis for the class action lawsuit. (Reporting by Jonathan Stempel in Chicago; Editing by ChrisReese)