NYP – Highland Capital claims Credit Suisse knew a luxury Las Vegas real-estate development was a total mirage — and has the e-mails to prove it.
The hedge fund giant, which is suing the Swiss bank in Dallas federal court over the Lake Las Vegas deal, argues Credit Suisse inflated appraisals in a questionable refinancing that ended up costing one of its funds $250 million when the owners defaulted in 2008.
