Credit Suisse nears $360 million deadline in fraud suit built on a hunch

11 Jul 2018

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.

Read full article at Reuters