Landowners Lose Cert. Bid In Credit Suisse, Cushman Suit

Law360, New York (September 25, 2013, 4:50 PM EDT) -- An Idaho federal judge on Tuesday denied class certification to a group of property owners at four luxury resort communities who accuse Credit Suisse Group AG and Cushman & Wakefield Inc. of deceiving investors through a loan-to-own scheme.

The proposed class included more than 3,000 individuals and entities with interests in thousands of lots at the master-planned resort communities in Las Vegas, Idaho, Montana and the Bahamas. The group sought to bring their claims as a certified class, arguing that all of their damages were part...
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