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Tsereteli v. Residential Asset Securitization Trust 2006-A8 et al
Case Number:
1:08-cv-10637
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 26, 2013
Credit Suisse Reaches $11M Deal In RMBS Class Action
A Credit Suisse AG unit on Wednesday finalized an $11 million settlement in a long-running securities class action over failed residential mortgage-backed securities stuffed with home loans issued by one of the country's most notorious housing bubble-era subprime lenders.
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November 26, 2012
2nd Circ. Allows Credit Suisse Class Cert. Appeal In MBS Row
The Second Circuit on Monday agreed to hear Credit Suisse Securities USA LLC's appeal of class certification in a lawsuit where it stands accused of duping investors into purchasing $642 million worth of subprime residential mortgage-backed securities just before the U.S. housing bubble burst.
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July 02, 2012
Credit Suisse To Face $642M MBS Suit As Class Action
A New York federal judge on Friday granted class certification to plaintiffs in a suit alleging Credit Suisse Securities (USA) LLC duped investors about the poor quality of loans behind a $642 million mortgage-backed securities offering in 2006.
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January 11, 2011
Investors Ask 2nd Circ. To Revive Moody's, S&P Claims
Lawyers for investors burned by mortgage-backed securities told the Second Circuit on Tuesday that they should be able to sue Moody's Investors Service Inc. and Standard & Poor's Financial Services LLC over the losses because the agencies helped engineer the securities.
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December 14, 2010
Plaintiffs Seek Class Cert. In Credit Suisse Suit
Plaintiffs in a mortgage-backed securities suit against Credit Suisse Securities (USA) LLC have moved for class certification, identifying at least 97 class members who allegedly received misleading offering documents from the investment bank in 2006.
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March 12, 2010
Credit Suisse Securities Suit Still In Play
A federal judge has refused to dismiss a class action against Credit Suisse Securities (USA) LLC, ruling that there is enough evidence to show that the Swiss investment bank issued misleading documents in an offering of IndyMac Bancorp Inc. mortgage-backed securities in 2006.