Luxury resort homeowners in the U.S. and the Grand Bahamas are suing Credit Suisse and Cushman Wakefield for $8 billion, alleging predatory lending. Last week, a federal judge denied the defendants' motion to dismiss all the plaintiffs' claims, but did dismiss their RICO claims with prejudice.
Luxury Homeowners Can Proceed With Lawsuit Against Credit Suisse
The American Lawyer
February 25, 2011