On February 14, 2023, the Texas Court of Appeals reversed awards totaling $63 million entered against Credit Suisse after a jury trial and bench trial for Claymore Holdings, LLC, the.
Trial Court Issues Judgment Against Credit Suisse in Case Related to the NexPoint Strategic Opportunities Fund
Court Enters Judgment on Remand, Awards $121 Million to Claymore Holdings
June 28, 2021 19:52 ET | Source: NexPoint Strategic Opportunities Fund NexPoint Strategic Opportunities Fund Dallas,
DALLAS, June 28, 2021 (GLOBE NEWSWIRE) The NexPoint Strategic Opportunities Fund (NYSE:NHF) (“NHF”), a closed-end investment company managed by NexPoint Advisors, L.P. (the “Adviser”), announced an update in the case against Credit Suisse, AG, Cayman Islands Branch, and Credit Suisse Securities (USA), LLC (“Credit Suisse”).
The 134th Judicial District Court (the “Court”) issued a judgment today against Credit Suisse, awarding $121 million to Claymore Holdings LLC (“Claymore”), the entity formed to pursue the collective claims on behalf of NHF and the Highland Income Fund (NYSE:HFRO)(“HFRO”) (together th
Credit Suisse Must Pay Highland $121 Million Over Las Vegas Deal
This content was published on June 29, 2021 - 00:12
June 29, 2021 - 00:12
(Bloomberg) Credit Suisse Group AG must pay Highland Capital Management $121 million for a failed 2007 Las Vegas real estate deal, a Texas state court ruled.
The ruling follows a decision by the Texas Supreme Court in April 2020 throwing out $287.5 million in damages awarded to Credit Suisse by a Dallas trial judge and ordering the court to recalculate the $40 million awarded by a jury. The jury found that the bank had inflated the appraisal used to finance a golf development ahead of the 2008 housing crash.