Credit Suisse Attacks $288M Highland Land Deal Fraud Loss

Law360, Dallas (October 18, 2017, 9:05 PM EDT) -- As a Credit Suisse AG unit sought to upset a nearly $288 million judgment that held the bank liable for alleged bad faith in the refinancing of a Las Vegas luxury real estate property, a Texas appellate panel on Wednesday questioned whether the bank had a duty to review a property appraisal.

Credit Suisse AG, Cayman Islands Branch is asking the Fifth Court of Appeals in Dallas to overturn a Dallas County District Court judge’s finding it had an affirmative duty to review and approve the...
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