January 20, 2017
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.
May 28, 2015
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.
April 14, 2015
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.
April 10, 2013
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.
October 04, 2012
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.