We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Credit Suisse Loses Bid To Dismiss AOL Research Suit

Law360 (December 4, 2006, 12:00 AM EST) -- In a setback for Credit Suisse AG, the Swiss investment bank’s U.S. arm has failed to dismiss a class action lawsuit over the glowing research it provided during Time Warner Inc.’s botched merger with AOL.

In a decision issued Nov. 30, the U.S. District Court for Massachusetts rejected Credit Suisse’s argument that the defendants failed to allege the research led to their financial losses and, in any case, failed to prove they had relied on the research.

“I conclude that plaintiffs have adequately pled that [the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.