August 25, 2014
A New Jersey federal judge signed off Monday on a settlement between Prudential Insurance Co. of America and Credit Suisse AG in a $460 million suit in which the insurance company had accused the bank of selling junk residential mortgage-backed securities.
October 01, 2013
A New Jersey federal judge refused Monday to toss Prudential Insurance Co. of America's $460 million fraud and racketeering suit against Credit Suisse AG, saying Prudential's complaint contained sufficient detail to advance fraud claims under New Jersey law.
January 29, 2013
Credit Suisse AG on Monday urged a New Jersey federal judge to deep-six Prudential Insurance Co. of America's suit claiming the banking giant fraudulently securitized thousands of defective home loans backing $466 million in mortgage-backed securities, saying the insurer hasn't alleged any fraud.
November 30, 2012
Prudential Insurance Co. of America has hit Credit Suisse AG with a complaint in New Jersey federal court accusing the banking giant of fraudulently securitizing thousands of defective home loans backing $466 million in mortgage-backed securities in violation of their offering agreements.