TITLE

LAKE LAS VEGAS FINANCIER SUED

AUTHOR(S)
MILLER, VALERIE
PUB. DATE
September 2009
SOURCE
Las Vegas Business Press (10712186);9/14/2009, Vol. 26 Issue 37, pP5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a court case filed by First American Title Insurance Co. against Credit Suisse's Cayman Islands branch. The former claims that Credit Suisse developed a loan product designed to allow owners-developers of the bankrupt project Lake Las Vegas to take out profits early in the development while leaving the property with a large amount of debt. First American Title's attorneys criticized Credit Suisse for assuming an ownership role when it took steps to dominate and control the use of funds.
ACCESSION #
44303364

 

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