U.S. credit union regulator sues Credit Suisse
By Erin Geiger Smith
Oct 4 (Reuters) - The U.S. credit union regulator filed a lawsuit on Thursday against Credit Suisse Securities (USA) , alleging misrepresentations in the underwriting and sale of mortgage-backed securities.
The National Credit Union Administration said in a statement that three failed credit unions paid more than $715 million for the securities at issue in the lawsuit.
The lawsuit was filed in federal court in Kansas.
(Reporting By Erin Geiger Smith; Editing by Bernard Orr)
((erin.geigersmith@thomsonreuters.com))
Keywords: CREDISSUISSE/LAWSUIT
Oct 4- The U.S. credit union regulator filed a lawsuit on Thursday against Credit Suisse Securities, alleging misrepresentations in the underwriting and sale of mortgage-backed securities. The National Credit Union Administration said in a statement that three failed credit unions paid more than $715 million for the securities at issue in the lawsuit.