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Credit Suisse Asks Appeals Court To Rein In $1B RMBS Trial

By Stewart Bishop ( June 13, 2019, 9:21 PM EDT) -- Two Credit Suisse Group AG units on Thursday asked a New York appeals court to undo a lower court's ruling in favor of the trustee for four pools of toxic residential mortgage-backed securities that allegedly caused over $1 billion in losses, saying it wrongly interpreted a sole remedy provision in the underlying contracts....

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