Credit Suisse Gets Linens 'N Things Pact Suit Pared
By Amanda Bransford (November 17, 2011, 3:37 PM EST) -- A New York federal judge on Wednesday trimmed two claims from a former Linens 'N Things vendor's $2.3 million suit claiming Credit Suisse failed to honor an agreement that would have limited the bedding manufacturer's exposure after Linens 'N Things went under in 2008.
Aeolus Down Inc. says Credit Suisse owes it millions that were promised in a trade mitigation agreement, while the bank maintains that Aeolus lost its rights to the money by failing to meet the conditions set out in the agreement.
Credit Suisse had asked the district court to dismiss Aeolus' claims for tortious breach of insurance contract,...
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