NY AG Fights For Credit Suisse Mortgage Suit

Law360, Los Angeles (June 18, 2013, 7:53 PM EDT) -- New York Attorney General Eric Schneiderman on Monday defended his case alleging Credit Suisse Securities USA LLC's misrepresentations of its residential mortgage-backed securities caused investors to lose $11.2 billion, saying his case was timely filed and doesn’t conflict with the banks’ previous settlement with securities regulators.

 

The attorney general filed a memorandum Monday in New York state Supreme Court opposing Credit Suisse’s motion to dismiss the case, contending the bank’s arguments are baseless. Monday’s opposition brief was the latest shot in Schneiderman’s battle against Credit Suisse’s...
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