Credit Suisse must face $10 billion N.Y. mortgage-fraud lawsuit

``Credit Suisse Group has been ordered to face a $10 billion lawsuit by New York's attorney general accusing the Swiss bank of fraud in the sales of mortgage-backed securities before the 2008 financial crisis... New York sued Credit Suisse in November 2012, claiming Switzerland's second-largest bank misrepresented the risks of investing in mortgage-backed securities. Last year, the bank argued that New York missed a three-year deadline for suing. The state countered that it had six years to file its complaint. If the bank had won, Schneiderman would have faced a new roadblock as he considers similar multibillion-dollar claims against Wall Street firms.''