Credit Suisse Win On Fraud Judgment Lien Reversed

Law360, New York (November 5, 2009, 4:22 PM EST) -- A California appeals court has cast doubt on whether Credit Suisse First Boston Mortgage Capital LLC has a stake in payments made to a law firm by a convicted Ponzi schemer, reversing a ruling that such payments are subject to a lien imposed in association with a $16.8 million judgement the financial services company won.

A three-judge panel of the Court of Appeal of the State of California, Second Appellate District, issued a ruling Tuesday reversing a lower court’s finding that a lien imposed on convicted...
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