Gilman Law Announces $350 Million Credit Suisse Lawsuit Related to Turtle Bay Resort, Yellowstone Club, Ginn Clubs & Resorts,

  Gilman Law Announces $350 Million Credit Suisse Lawsuit Related to Turtle
  Bay Resort, Yellowstone Club, Ginn Clubs & Resorts, and Rhodes Homes & the
  Park Highlands Master Planned Community

Business Wire

BOSTON -- August 13, 2013

Credit Suisse Group AG is being sued by entities (Haygood LLC and Allenby LLC)
of Highland Capital Management LLP for over $350M. The securities case was
filed in New York State Supreme Court. The disagreement is related to dividend
capitalization loans for the Turtle Bay Resort, the Yellowstone Club, Ginn
Clubs & Resorts and Rhodes Homes and the Park Highlands Master Planned

The plaintiffs claim that Credit Suisse marketed loans for high-end
residential communities using an unorthodox appraisal methodology that was
deceptive and unreasonable. “Armed with these bogus appraisals, Credit Suisse
duped the lenders into investing hundreds of millions of dollars in
under-collateralized loans that eventually imploded,” according to the
plaintiffs. The plaintiffs accuse Credit Suisse of working with “compliant
stooges” in global appraisal firms to overvalue the communities that secured
the loans so that lenders would invest in under-collateralized loans that
would go on to fail.

Highland Capital Management is a Dallas-based debt manager, while Credit
Suisse is a leading global financial services company based in Zurich.

Credit Suisse Sued by Highland Capital Over Resort Loans, Bloomberg, July 17,

Credit Suisse, Highland Face Off Over RE Loan Trades, Law 360, July 17, 2013

What You Can Do As An Investor

Gilman Law LLP is providing free legal consultations to investors in dividend
capitalization loans marketed by Credit Suisse. If you are an investor in this
financial product, then please contact Gilman Law LLP by visiting, or call Toll Free at 1-888-252-0048.

About Gilman Law LLP

Gilman Law LLP, a leading national law firm with offices in Florida and
Massachusetts, has been recognized for delivering successful results to their
clients across a broad range of claims, including securities law violations,
derivative actions, antitrust matters, and class action lawsuits. For over 32
years, the Gilman Law LLP team of highly experienced lawyers has earned renown
for tireless work on behalf of their clients on many of today’s most
challenging and important legal issues.

Gilman Law LLP
Beachway Professional Center Tower
Suite 202
3301 Bonita Beach Road
Bonita Springs, FL 34134


Gilman Law LLP
Kenneth Gilman, 1-888-252-0048
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