Credit Suisse wins London lawsuit over RMBS-linked notes

Credit Suisse on Friday won a lawsuit at London's High Court over the sale of $100 million of notes linked to residential mortgage-backed securities.

Loreley Financing, a special purpose vehicle set up by German bank IKB, sued Credit Suisse over its 2007 purchase of the notes as part of a collateralised debt obligation transaction.

But Judge Sara Cockerill ruled in favour of Credit Suisse in a written ruling on Friday.