Credit Suisse Sued For Alleged ARS Fraud

Law360 (August 7, 2008, 12:00 AM EDT) -- Swiss semiconductor company STMicroelectronics NV has hit Credit Suisse Group with a lawsuit alleging the financial firm's brokers fraudulently invested $450 million of the company's funds into unauthorized auction rate securities as part of a multibillion-dollar scheme involving more than a dozen of its customers....

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