First American Sues Credit Suisse Over Nev. Project

Law360, New York (September 3, 2009, 1:37 PM EDT) -- First American Title Insurance Co. has filed suit against Credit Suisse Group, arguing that it does not owe coverage to the lender for issues related to liens on projects by the now-bankrupt Lake Las Vegas Resort developers and that the lender caused the liens and overburdened the projects with debt.

The insurer filed its complaint Sept. 2 in the U.S. District Court for the District of Nevada seeking declaratory judgment that it owes no defense or indemnity coverage to Credit Suisse for the liens, as well...
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