Articles by Seerat Chabba

Breaking news reporter, trying to learn some things about everything and everything about some things.

 

 

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Credit Suisse Nears $360M Deadline In Fraud Suit

When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund Highland Capital Management, aggressively pursued legal action against Credit Suisse Group AG, which arranged the financing and appraisals for the project.