January 06, 2016
A New York federal judge gave a preliminary nod Wednesday to a $110 million settlement to resolve a class action brought by investors alleging Credit Suisse AG used misleading financial disclosure documents to trick them into purchasing $1.6 billion in troubled mortgage-backed securities.
November 04, 2015
Credit Suisse AG has agreed to settle a certified class action in New York federal court alleging it used misleading financial disclosure documents to trick a class of over 300 investors into purchasing $1.6 billion in troubled mortgage-backed securities.
March 18, 2014
A Manhattan federal judge on Monday granted a motion to expand the scope of a previously certified investor class in an action against Credit Suisse AG to include participants in an $825 million mortgage-backed securities offering.
February 26, 2014
Credit Suisse AG attorneys on Monday resisted a union benefit fund's attempt to fold participants in a $825 million mortgage-backed securities offering into a previously certified investor class, arguing in Manhattan federal court that the bonds were bought and sold under differing circumstances.
January 24, 2013
Bowing to a recent Second Circuit precedent, a New York federal judge on Wednesday reinstated certain securities holders in a pension fund's certified class action against Credit Suisse AG entities that allegedly deceived investors with offering documents for $2.4 billion of mortgage-backed securities.
August 18, 2011
A New York federal judge on Tuesday certified a class of institutional investors that say several Credit Suisse AG affiliates deceived them in offering documents for $2.4 billion of mortgage-backed securities assembled from dubious loans.