Jan 31 Credit Suisse Group Inc lost
its bid to sever National Century Financial Enterprises Inc
co-founder Lance Poulsen as a defendant in an upcoming scheduled
trial over fraud at the health care services company a decade
Thursday's decision by U.S. District Judge James Graham
increases the potential that evidence harmful to the Swiss
bank's defense may be introduced at the trial, where Credit
Suisse faces a potential $2 billion of exposure.
The state of Arizona, AllianceBernstein Holding LP,
Lloyds TSB Bank Plc, MetLife Inc, Allianz SE's
Pimco unit and other bondholders accused Credit
Suisse, once a placement agent for National Century bonds, of
deceiving them about that company and missing its estimated $2.9
Poulsen co-founded National Century in 1990, and is the only
other defendant remaining in the case. He is serving a 30-year
prison term and is presumed insolvent.