Plaintiffs Fail To Revive Credit Suisse Investor Suit

Law360, New York (August 12, 2010, 3:12 PM EDT) -- A federal judge has refused to reconsider the dismissal of a proposed securities class action accusing Credit Suisse Group of failing to disclose risks associated with subprime lending, saying the plaintiffs are just rehashing arguments that he previously discounted.

Judge Victor Marrero of the U.S. District Court for the Southern District of New York said Wednesday that the Louisiana Municipal Police Employees Retirement System had failed to persuade him that he shouldn't toss the case based on a recent U.S. Supreme Court ruling that barred suits...
To view the full article, register now.