UK law firm Edwin Coe has filed a claim on behalf 371 investors against HSBC UK Bank plc for the losses caused by its private bank’s role in the conception, development, and marketing of a series of Disney film financing schemes known as the Eclipse Partnerships. 

The claimants allege they were induced to invest on the false promise that Eclipse represented a genuine opportunity to invest in blockbuster Disney films and that HSBC is liable for fraud.

HSBC is believed to have received over £25 million in fees for its role in Eclipse. In contrast, many investors have entered bankruptcy and/or are facing HMRC deman...