Credit Suisse Securities Suit Still In Play

By Eric Hornbeck

Law360, New York (March 12, 2010, 7:03 PM ET) -- A federal judge has refused to dismiss a class action against Credit Suisse Securities (USA) LLC, ruling that there is enough evidence to show that the Swiss investment bank issued misleading documents in an offering of IndyMac Bancorp Inc. mortgage-backed securities in 2006.

While Judge Lewis A. Kaplan dismissed most of the plaintiffs' amended complaint against Credit Suisse on Thursday in the U.S. District Court for the Southern District of New York, he also ruled that there was sufficient evidence to show that there was "widespread...
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