Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Credit Suisse
Current Parent Company: UBS
Penalty: $110,000,000
Year: 2016
Date: May 10, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: toxic securities abuses
Mega-Scandal: Toxic Securities
Violation Description: Credit Suisse agreed to pay $110 million to settle allegations it provided misleading financial documents to deceive investors into purchasing unsafe mortgage-backed securities.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:08cv5653
Case Name: New Jersey Carpenters Health Fund v. Home Equity Mortgage Trust 2006-5 et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.