Credit Suisse must face MBIA fraud claims over mortgage bonds, judge says

Credit Suisse Group AG must face a lawsuit claiming it fraudulently induced MBIA Inc. to guarantee $900 million of mortgage-backed bonds, a judge said. Justice Shirley Werner Kornreich of New York state Supreme Court in Manhattan denied a bid by Credit Suisse to dismiss a suit by MBIA, the world’s largest bond insurer, alleging misrepresentations about securities marketed by the Zurich-based bank.

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please