Credit Suisse Settles National Century Suit Before Trial
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Credit Suisse Group AG agreed to settle a fraud lawsuit by noteholders of affiliates of National Century Financial Enterprises Inc.
Credit Suisse, Switzerland’s second-biggest bank, was sued last year in federal court in New York by noteholders who claimed the bank, the placement agent, knew or should have known of a $2.9 billion fraud that led to National Century’s collapse in 2002.