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

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.

from Reuters: Business News https://ift.tt/2L8VtaX