Texas Justices To Hear Credit Suisse's Bid To Ax $287M Award
Law360 (October 4, 2019, 12:05 PM EDT) -- The Texas Supreme Court on Friday agreed to hear a Credit Suisse AG unit's bid to overturn a $287.5 million breach of contract award in favor of a Highland Capital Management LP subsidiary over a bungled land appraisal ahead of a 2007 Las Vegas real estate deal.
The court will hear argument Jan. 8 in the case where Credit Suisse Securities USA contends disclaimers in its contract with Highland's Claymore Holdings LLC bar liability for the allegedly fraudulent appraisal. The bank also argues that contract-reliance disclaimers in the agreement with Claymore mean lower courts never should have ruled it fraudulently induced...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!