Highland Wants $376M From Credit Suisse For Land Deal

Law360, Dallas (June 9, 2015, 9:10 PM EDT) -- A Highland Capital Management LP subsidiary on Tuesday asked a Texas state judge to order Credit Suisse AG to pay about $376 million in damages for allegedly breaching a credit agreement tied to a 2007 real estate deal.

Concluding a bench trial in Dallas County District Court, Highland’s Claymore Holdings LLC asked for the rescission of most of its $250 million investment in a syndicated loan Credit Suisse arranged for resort property around Lake Las Vegas, along with about $7.5 million in fees it says Credit...
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