SEC Subpoenaed Credit Suisse For Mortgage Docs: MBIA

Law360, New York (May 5, 2011, 8:33 PM EDT) -- The U.S. Securities and Exchange Commission is investigating Credit Suisse Group AG and has subpoenaed the financial services giant for mortgage debt documents, bond insurer MBIA Insurance Corp. said in court documents filed Thursday in New York.

MBIA, an arm of Armonk, N.Y.-based MBIA Inc., cited the subpoena in its bid to compel the SEC to turn over documents relating to its lawsuit accusing three units of the Swiss bank of misrepresenting the quality of mortgages behind securities in a 2007 offering.

"Credit Suisse is now...
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