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National Credit Union Administration Board v. Credit Suisse Securities (USA) LLC et al
Case Number:
2:12-cv-02648
Court:
Nature of Suit:
Judge:
Firms
- Berkowitz Oliver
- Cravath Swaine
- Dewey Pegno
- Foulston Siefkin
- Hughes Hubbard
- Kellogg Hansen
- Korein Tillery
- Lewis Brisbois
- Stueve Siegel
Companies
Government Agencies
Sectors & Industries:
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January 20, 2017
Credit Suisse, UBS Can't Ditch Credit Unions' RMBS Claims
A Kansas federal judge has refused a bid by UBS Securities LLC and Credit Suisse Securities USA LLC to ditch claims in suits alleging the banks knowingly sold toxic mortgage-backed securities, saying that the pair could be liable for misstatements in post-sale prospectus supplements.
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May 28, 2015
Credit Unions' RMBS Suits Against UBS, Credit Suisse Revived
A Kansas federal judge agreed Wednesday to take another look at previously dismissed claims against UBS Securities LLC and Credit Suisse Securities USA LLC in a suit alleging that the banks knowingly sold toxic mortgage-backed securities.
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April 14, 2015
Banks Say 10th Circ. Barclays Ruling Can't Help RMBS Suits
Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. Inc. and UBS Securities LLC told a Kansas federal judge Monday that the National Credit Union Administration couldn't use a Tenth Circuit decision to revive multimillion-dollar suits over soured residential mortgage-backed securities previously found to be time-barred.
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April 10, 2013
Credit Suisse Pares $590M MBS Suit From Credit Union Board
A Kansas federal judge on Monday trimmed the National Credit Union Administration Board's lawsuit accusing Credit Suisse AG of misrepresenting the risks of more than $590 million in residential mortgage-backed securities it sold to credit unions, stripping as untimely state and federal claims from the watchdog's suit.
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October 04, 2012
DOJ, Schneiderman Target Credit Suisse Over MBS: Report
Credit Suisse AG is facing a probe by U.S. authorities over its sale of mortgage-backed securities, according to Thursday news reports, roughly a week after the arrest in London of one of the Swiss investment banking giant's former executives accused of blowing up the value of mortgage-linked bonds.