News - Court hearing Thursday on Credit Suisse loans
Legal Marketing News
Bookmark This Site
Court hearing Thursday on Credit Suisse loans
U.S. Court News | 2012/01/13 10:14
Attorneys for Credit Suisse told a federal judge in Idaho that a multi-billion dollar lawsuit brought by homeowners at four resorts should be tossed out because there's not enough factual evidence to support the claims.

The lawsuit from property owners at Idaho's Tamarack Resort, the Yellowstone Club in Montana, Nevada's Lake Las Vegas resort and the Ginn Sur Mer Resort in the Bahamas is backed by Yellowstone Club founder Tim Blixseth. The plaintiffs allege Credit Suisse inflated the value of the resorts and issued loans so large to developers that they could never be repaid in hopes of foreclosing on the properties as part of a so-called loan to own scheme.

Credit Suisse contends the lawsuit is baseless and that Blixseth is just trying to escape blame for the financial problems at the ultra-exclusive Yellowstone Club.

Roughly two dozen attorneys representing the plaintiffs, Credit Suisse and real estate consultant Cushman amp; Wakefield gathered before U.S. District Judge Ronald Bush in Boise on Thursday to argue over several motions, including one to have the lawsuit dismissed and one to have Cushman amp; Wakefield reinstated as a defendant. The real estate consultancy was listed as a defendant when the case was originally filed in 2010, but last year U.S. District Judge Edward Lodge dismissed all the claims against the company.

One of Credit Suisse's attorneys, David Lender, told the court that the plaintiffs have never been able to show there was any misrepresentation made to the homeowners by the bank.


[PREV] [1] ..[1683][1684][1685][1686][1687][1688][1689][1690][1691].. [2386] [NEXT]
All
Legal News
Law Firm News
Court News
U.S. Court News
Legal Line News
Legal News Feed
Law Firm Press
Legal Opinions
Austria’s new government is stopping ..
Mexico says it will impose retaliatory..
Trump signs order designating English ..
Trump administration says it’s cuttin..
Defense secretary defends Pentagon fir..
Troubled electric vehicle maker Nikola..
Musk gives all federal workers 48 hour..
What changes to the CHIPS act could me..
Steve Bannon pleads guilty and avoids ..
Officers plead guilty in DWI police co..
Trump signs order imposing sanctions o..
A federal judge temporarily blocks Tru..
Trump suspends US foreign assistance f..
Man accused of stalking Caitlin Clark ..
Florida Attorney General Ashley Moody ..


   Law Firm Networks
San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
www.onulawfirm.com
Eugene Criminal Defense Attorneys
Eugene DUI Lawyer. Oregon Criminal Defense
www.mjmlawoffice.com
New York Adoption Lawyers
New Jersey Adoption Attorneys
New York Foster Care Lawyers
www.lawrsm.com

Law Firm News Updates
Legal News Updates
Click The Law News
Daily Legal News
Legal News Voice
Recent Legal News
 
 
©Legal Marketing News. All rights reserved.

The content contained on the web site has been prepared by Legal Marketing News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Legal Blog postings and hosted comments are available for general educational purposes only and should not be used to assess a specific legal situation. Also this site may contain legal advice, legal opinions, and statements of various legal information providers. The Content contained on the site has been prepared by Legal Marketing News as a service to its readers and is not intended to constitute legal or professional advice, which is always fact specific. Criminal Law Firm Website Design