National Credit Union Administration Board v. Credit Suisse Securities (USA) LLC et al

  1. January 20, 2017

    Credit Suisse, UBS Can't Ditch Credit Unions' RMBS Claims

    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.

  2. May 28, 2015

    Credit Unions' RMBS Suits Against UBS, Credit Suisse Revived

    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.

  3. April 14, 2015

    Banks Say 10th Circ. Barclays Ruling Can't Help RMBS Suits

    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.

  4. April 10, 2013

    Credit Suisse Pares $590M MBS Suit From Credit Union Board

    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.

  5. October 04, 2012

    DOJ, Schneiderman Target Credit Suisse Over MBS: Report

    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.