NJ Attorney General's Office Reaches $495 Million Settlement in Principle with Credit Suisse to Resolve Allegations of Fraud and Deceit in Sale of Toxic Mortgage-Backed Securities That Fueled 2008 Financial Crisis
October 18, 2022
October 18, 2022
TRENTON, New Jersey, Oct. 18 -- New Jersey Acting Attorney General Matthew J. Platkin issued the following news release on Oct. 17, 2022:
The Office of the Attorney General announced today that the New Jersey Bureau of Securities has reached a $495 million agreement in principle with Credit Suisse Securities (USA) LLC, Credit Suisse First Boston Mortgage Securities Corp., and DLJ Mortgage Capital, Inc. (collectively "Credit Suisse") that would resolve a lawsuit arising fro . . .
The Office of the Attorney General announced today that the New Jersey Bureau of Securities has reached a $495 million agreement in principle with Credit Suisse Securities (USA) LLC, Credit Suisse First Boston Mortgage Securities Corp., and DLJ Mortgage Capital, Inc. (collectively "Credit Suisse") that would resolve a lawsuit arising fro . . .