Credit Suisse, Highland Face Off Over RE Loan Trades

Law360, Dallas (July 17, 2013, 9:08 PM EDT) -- Credit Suisse AG and Highland Capital Management LP affiliates fired shots at each other in Texas and New York state courts Tuesday and Wednesday, each claiming the other is responsible for breaching trade agreements in real estate deals struck just before the recession.

In Dallas state court, Claymore Holdings LLC on Tuesday sued Credit Suisse AG, Cayman Islands Branch and Credit Suisse Securities USA LLC, alleging its brokers used an unreasonable and grossly inflated appraisal of a residential and resort master-planned community in Nevada to market...
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.