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NY sues Credit Suisse over Mortgage Securities associated press

21.11.2012 14:12

NY sues Credit Suisse over Mortgage Securities associated press

ЕРЕВАН, 21 ноября. /АРКА/. New York is suing Credit Suisse Securities and affiliates, claiming they misled investors about the care taken in evaluating their residential mortgage-backed securities, The Associated Press reported.

The suit filed Tuesday in Manhattan under New York's Martin Act alleges Credit Suisse deceived investors before the 2008 market collapse.

Attorney General Eric Schneiderman (SHNEYE'-dur-muhn) says the securities sponsored and underwritten by Credit Suisse in 2006 and 2007 have lost about $11.2 billion.

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