NJ Files Suit Against Credit Suisse Securities For Allegedly Misrepresenting Investment Risks

John J. Hoffman

TRENTON – New Jersey has filed a lawsuit against Credit Suisse Securities (USA) LLC and two of its affiliates alleging that they offered more than $10 billion in residential mortgage backed securities trusts for sale while misrepresenting the risks involved in the investments, and failing to disclose to investors information about significant defects in the offerings, Acting Attorney General John J. Hoffman and Division of Law Director Christopher S. Porrino announced today.