Judge Has All the Right Moves for Credit Suisse in Monolines Litigation

, The Litigation Daily


Like other banks, Credit Suisse is facing claims that it duped monoline insurers like MBIA and Assured Guaranty into insuring hundreds of millions of dollars worth of mortgage-backed securities. But while the monolines can point to favorable rulings in their suits against Countrywide and JPMorgan, they've struggled in three cases against Credit Suisse that landed before Manhattan state supreme court justice Shirley Kornreich.

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