Credit Suisse to pay $288 million in damages in Lake Las Vegas refinancing

September 5, 2015 1:37 AM

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Credit Suisse to pay $288 million in damages in Lake Las Vegas refinancing

A district court judge has asked Credit Suisse Group AG (CSGN.VX) to pay $287.5 million in damages to an affiliate of Highland Capital Management, as part of a long drawn breach of contract case.

The judge asked the bank to pay about $211.9 million in damages and restitution and $75.6 million in prejudgment interest on the damages.

Also read: Russian Central Bank: Hackers Stole $31 Million From Correspondent Accounts

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