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KM Financial Solutions | Credit Suisse nears $360 million deadline in fraud suit built on a hunch
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Credit Suisse nears $360 million deadline in fraud suit built on a hunch

10 Jul Credit Suisse nears $360 million deadline in fraud suit built on a hunch

Posted at 09:30h in News by
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When the high-end property
development Lake Las Vegas collapsed during the 2008 financial
crisis, 31 funds that helped finance the project lost a total of
$540 million. But only one of them, Dallas-based hedge fund
Highland Capital Management, aggressively pursued legal action
against Credit Suisse Group AG, which arranged the
financing and appraisals for the project.

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