Credit Suisse Investors Granted Expansion Of MBS Class

Law360, New York (March 18, 2014, 1:20 PM EDT) -- A Manhattan federal judge on Monday granted a motion to expand the scope of a previously certified investor class in an action against Credit Suisse AG to include participants in an $825 million mortgage-backed securities offering. 

U.S. District Judge Paul A. Crotty ruled that while the claims raised by purchasers of the so-called HEMT 2007-2 certificates were not directly tied to those of the already certified class, they were similar enough to allow them to be included in the action.

“Here, Plaintiffs have made a prima...
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.