Federal District Court Judge Paul A. Crotty Grants Final Approval to $110 million HEMT MBS Class Action Settlement
May 10, 2016
On May 10, 2016, U.S. District Judge Paul A. Crotty finally approved a $110 million settlement in the mortgage-backed securities class action brought by investors against Credit Suisse AG and its affiliates. This setlement ends claims brought by the New Jersey Carpenters Health Fund and other investors who claimed that the offering documents for the mortgage-backed securities at issue violated the Securities Act as they contained false and misleading misstatements concerning compliance with underwriting standards.
Cohen Milstein serves as Lead Counsel for the Plaintiffs.