Credit Suisse Can't Hide 'Unflattering' Claims In $296M Suit

Law360, New York (January 17, 2013, 2:50 PM EST) -- Credit Suisse AG affiliates can't prevent the public from seeing new "unflattering" allegations that they stuffed mortgages they knew full well were shoddy into securities insured by MBIA Inc., a New York state judge ruled during a hearing Thursday.

MBIA's latest proposed complaint is a "totally new" pleading based on information the bond insurer has obtained during voluminous discovery, but Credit Suisse can't seal the proposed additions just because they paint an unattractive picture of the Swiss bank, Judge Shirley Werner Kornreich said in a bench...
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