Credit Suisse Balks At Thornburg Witness Request

Law360, New York (November 5, 2010, 3:50 PM EDT) -- The trustee overseeing the bankruptcy of Thornburg Mortgage Inc. is gunning for a showdown Monday with creditor Credit Suisse Securities (USA) LLC, which alleges Thornburg Mortgage is trying to spring a surprise expert witness on the bank in a $10.5 billion adversary proceeding.

The deadline to identify expert witnesses in the adversary proceeding passed on Aug. 31, but Thornburg Mortgage filed a motion Nov. 1 in the bankruptcy case to retain Level 1 Loans Inc. as a "financial consultant," a thinly veiled ploy to sneak in...
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