Credit Suisse Faces Suit Over Mortgage-Related Debt

Law360, New York (April 22, 2008, 12:00 AM EDT) -- Credit Suisse Group and four individuals, including the financial services giant's chief executive, have been hit with a putative class action alleging that the defendants concealed the company's failure to write down impaired securities containing mortgage-related debt.

The complaint was filed Monday in the U.S. District Court for the Southern District of New York against Credit Suisse, Chief Executive Brady W. Dougan, Chief Financial Officer Renato Fassbind and Walter B. Kielholz and Hans-Ulrich Doerig, the Credit Suisse board of directors chairman and vice chairman, respectively....
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