Credit Suisse, Investors Clash Over Timeliness Of MBS Suits

Law360, New York (September 9, 2013, 7:37 PM EDT) -- Whether $1.4 billion in alleged mortgage-backed securities claims against a Credit Suisse AG affiliate were filed too late comes down to which of her colleagues' earlier decisions in other mortgage-backed securities cases a New York state judge finds more compelling, attorneys argued Monday.

Credit Suisse AG unit DLJ Mortgage Capital Inc. has been targeted in several lawsuits accusing it of making misrepresentations on loans in pools that have cost investors $1.4 billion, but Barry S. Levin of Orrick Herrington & Sutcliffe LLP, who represents DLJ, said...
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