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