Credit Suisse Can't Nix Prudential's $460M RMBS Suit

Law360, New York (October 01, 2013, 7:47 PM ET) -- A New Jersey federal judge refused Monday to toss Prudential Insurance Co. of America's $460 million fraud and racketeering suit against Credit Suisse AG, saying Prudential's complaint contained sufficient detail to advance fraud claims under New Jersey law.

In a case originally brought against Credit Suisse and several of its affiliates in New Jersey federal court in August 2012, Prudential accuses Credit Suisse of fraud, misrepresentation and violation of New Jersey's racketeering laws by selling thousands of defective home loans to Prudential from 2004 to 2008.

Credit Suisse filed...
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