Credit Suisse Fights To Keep $13M Resort Coverage Win

Law360, New York (October 4, 2013, 6:26 PM EDT) -- Credit Suisse AG on Thursday asked a federal judge to uphold an order largely thwarting Stewart Title Guaranty Co.’s efforts to avoid covering roughly $13 million in liens that took precedence over Credit Suisse-owned mortgages securing a foreclosed Idaho ski resort.

Stewart Title mounted a bid in May 2011 for a declaration that its $227 million mortgage title insurance policy didn’t cover mechanic's and vendee's liens on the property that were ruled superior to the bank’s mortgages after the resort builder, Tamarack Resort LLC, defaulted on...
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