Judge Tosses Part Of Sterling, Credit Suisse Suit

Law360, New York (November 17, 2008, 12:00 AM EST) -- A federal judge has thrown out part of a case Sterling Federal Bank brought against Credit Suisse and others accusing them of materially misleading the bank about mortgage-backed securities.

In a mixed-bag ruling for both sides, Judge Robert M. Dow Jr. of the U.S. District Court for the Northern District of Illinois tossed a number of claims Sterling Federal brought, but also refused bids to toss several others.

Sterling Federal Bank sued Credit Suisse Securities LLC, Credit Suisse First Boston Mortgage Securities Corp., and Credit Suisse...
To view the full article, register now.