Legal Opinion

Credit Suisse Ag, Cayman Islands Branch and Credit Suisse Securities (Usa) Llc v. Claymore Holdings, Llc

Texas Supreme Court

Decided April 24, 2020No. 18-0403Published

1Opinion of the Court

IN THE SUPREME COURT OF TEXAS ══════════ No. 18-0403 ══════════ CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH AND CREDIT SUISSE SECURITIES (USA) LLC, PETITIONERS, v. CLAYMORE HOLDINGS, LLC, RESPONDENT ══════════════════════════════════════════ ON PETITION FOR REVIEW FROM THE COURT OF APPEALS FOR THE FIFTH DISTRICT OF TEXAS ══════════════════════════════════════════ Argued January 8, 2020 JUSTICE BLACKLOCK delivered the opinion of the Court. This case arises from the inflated appraisal of a residential real estate project near Las Vegas in 2007, shortly before the notorious housing bubble popped.…

2Cases cited35 opinions

  1. Merrill Lynch & Co. Inc. v. Allegheny Energy, Inc.Court of Appeals for the Second Circuit · 2007
  2. Rudman v. Cowles Communications, Inc.New York Court of Appeals · 1972
  3. Donald L. Terwilliger, Jr., Plaintiff-Appellee-Cross-Appellant v. Donald L. Terwilliger, III and John Terwilliger, Defendants-Appellants-CrossCourt of Appeals for the Second Circuit · 2000
  4. Phillips v. PhillipsTexas Supreme Court · 1992
  5. City of Dallas v. Diane Sanchez, Individually and as Representative of the Estate of Matthew Sanchez, and Arnold SanchezTexas Supreme Court · 2016

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