Credit Suisse asks judge to toss NY AG's $11.2b RMBS suit

A number of Credit Suisse units have asked in a New York appeals court that the New York Attorney General Eric Schneiderman's residential mortgage-backed securities lawsuit accusing the bank of deceiving investors about the quality of the mortgages resulting in $11.2bn in investor losses be time-barred, citing precedent from New York's highest court.

By Stewart Bishop (March 29, 2016, 10:25 PM EDT) -- Multiple Credit Suisse Group units on Tuesday asked a New York appeals court to find New York Attorney General Eric Schneiderman's residential mortgage-backed securities lawsuit over $11.2 billion in investor losses to be time-barred, citing precedent from New York's highest court....

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