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National Credit Union Administration Board v. Credit Suisse Securities (USA) LLC et al
Case Number:
1:13-cv-06736
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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April 13, 2016
Credit Suisse To Pay $50M In Credit Union MBS Row
After adding in prejudgment interest, Credit Suisse will pay the National Credit Union Administration board $50.3 million to settle allegations that the Swiss bank lied about the quality of mortgage-backed securities it sold to two since-failed credit unions, according to a letter filed Wednesday in New York federal court.
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March 24, 2016
Credit Suisse To Pay $29M To End Credit Union MBS Row
Credit Suisse will pay $29 million to end a suit by the National Credit Union Administration board alleging the bank lied about the quality of mortgage-backed securities it sold to two credit unions that later failed, according to a deal filed in New York on Thursday.