Judge Revives MBIA's Fraud Claims Against Credit Suisse

Law360, New York (October 13, 2011, 7:56 PM EDT) -- A New York state judge on Thursday reinstated bond insurer MBIA Insurance Corp.'s fraud and punitive damages claims in a suit against Credit Suisse Group AG units over insurance payments on a pool of mortgage-backed securities.

Judge Shirley Werner Kornreich granted MBIA's motion to add the fraudulent inducement claim as well as its request for consequential and punitive damages, which were trimmed from the suit in June.

MBIA accuses Credit Suisse affiliates Credit Suisse Securities (USA) LLC, DLJ Mortgage Capital Inc. and Select Portfolio Servicing Inc....
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