ADCB initiates legal action in US against Credit Suisse

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Thursday 25, November 2010 by

ADCB initiates legal action in US against Credit Suisse

The suit alleges, amongst other things, that Credit Suisse failed to disclose conflicts of interest and other material information, and provided misleading information, when structuring, marketing and selling an investment, known as Farmington, to ADCB in 2007, and that Standard & Poor's provided inaccurate, investment-grade ratings to assets associated with the Farmington structure.

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