Credit Suisse Loses Bid To Boot MBIA's MBS Claims

Law360, New York (August 12, 2010, 5:15 PM EDT) -- A New York state judge has denied a bid by units of Credit Suisse AG to dismiss several claims in a suit brought by an arm of MBIA Insurance Corp. asserting the troubled bond insurer was fraudulently induced to insure payments on securitized residential mortgages.

In a decision filed Tuesday in the New York County Supreme Court, Judge Shirley Werner Kornreich declined to dismiss most of the claims in the case, agreeing only to toss an allegation that Credit Suisse breached an implied duty of good...
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