Credit Suisse Says Dutch Fund's RMBS Suit Time-Barred

Law360, New York (September 21, 2012, 5:27 PM EDT) -- The world's third-largest pension fund has waited too long under Dutch law to sue Credit Suisse Group AG affiliates for allegedly making $565 million in residential mortgage-backed securities seem better than they were, the Swiss bank's attorney told a New York state judge Friday.

A sophisticated investor like Stichting Pensioenfonds ABP, which invests for Dutch public and education employees, had mere months under Dutch law to alert Credit Suisse about any misrepresentations in the securities after it learned of them many years ago, Michael T. Reynolds...
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