TITLE

Credit Suisse and C&W to defend $24bn US lawsuit

AUTHOR(S)
Phillips, Mike
PUB. DATE
January 2010
SOURCE
EG: Estates Gazette;1/9/2010, Issue 1001, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the 24 billion U.S. dollar lawsuit filed against investment bank Credit Suisse and Cushman & Wakefield (C&W). A group of investors alleged that the two firms inflated valuations on luxury resorts. The plaintiffs added that C&W was responsible for the valuations used by the bank to undertake the alleged loan to own scheme. Those who filed the case include owners of the resorts and individuals who bought properties on the resorts.
ACCESSION #
48308058

 

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