Highland Wins $40 Million Jury Award in Credit Suisse Fraud Case

(Bloomberg) — Highland Capital Management LP won a $40 million jury award in its lawsuit claiming Credit Suisse AG duped the Dallas-based debt manager into refinancing a shaky real-estate development.

The Dallas jury, which began its deliberations Dec. 17, found Credit Suisse 65 percent at fault today, limiting the judgment.

To contact the reporter on this story: Margaret Cronin Fisk in Detroit at [e-mail]

To contact the editor responsible for this story: Andrew Dunn at [e-mail]