|
 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.
The damages are related to the event in which the Zurich-based bank
was found to have used inflated appraisals to convince an affiliate
of Highland Capital Management in 2007 to refinance the Nevada
resort community, which sought Chapter 11 bankruptcy a year later.
A Texas jury found in December that Credit Suisse had fraudulently
enticed investors to back a $540 million loan for Lake Las Vegas
resort, only to have the borrower quickly default.
Highland Capital Management and Credit could not be reached for
comment.
(Reporting by Lehar Maan in Bengaluru; Editing by Ken Wills)
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