Credit Suisse Group AG was sued by New York Attorney General Eric Schneiderman for allegedly deceiving investors in mortgage-backed securities that were sold before the financial crisis, Bloomberg News reported yesterday. Credit Suisse, which last week agreed to settle U.S. claims that it misled mortgage-bond investors, committed "multiple fraudulent and deceptive acts" in promoting and selling the securities, Schneiderman's office said in a complaint filed yesterday in New York State Supreme Court. The lawsuit is an enforcement action by a state-federal task force established earlier this year to investigate misconduct in the bundling of mortgage loans into securities before the housing bust. Schneiderman is co-chairman of the group, which includes officials from the U.S. Justice Department and the Securities and Exchange Commission.
