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BRIEF-Credit Suisse sued over alleged fraudulent sale of mortgage securities
November 20, 2012 / 7:05 PM / 5 years ago

BRIEF-Credit Suisse sued over alleged fraudulent sale of mortgage securities

Nov 20 (Reuters) - Credit Suisse Group AG : * Ny attorney general says sues Credit Suisse Group AG over alleged

fraudulent sale of mortgage securities * Ny ag schneiderman says Credit Suisse deceived investors about residential

mortgage-backed securities it sold prior to 2008 * Schneiderman says rmbs sponsored and underwritten by Credit Suisse in 2006

and 2007 have had about $11.2 billion losses * Schneiderman says seeks investor damages to recoup losses * Schneiderman says filed lawsuit under New York state’s martin act, under

auspices of residential mortgage-backed securities working group

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