Credit Suisse Defeats Lawsuit Over Loans to High-End Resorts

  • Property owners said banks relied on inflated appraisals
  • Judge rules bank can’t be blamed for defaults on loans

Credit Suisse Group AG won a lawsuit by property owners in four upscale resorts in the western U.S. who alleged that the investment bank funded loans based on inflated appraisals of the developments that caused their financial ruin.

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