The information contained on this web page is only a summary of information presented in more detail in the Notice of Restitution (“Notice”). Since this website is just a summary, you should review the Notice for additional information.
| Description | Due Date | |
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SUBMIT A CLAIM FORM |
You may be eligible to receive a restitution payment if you purchased or otherwise acquired an interest in Credit Suisse RMBS Trust Certificates prior to December 18, 2013, for any of the following: Home Equity Mortgage Trust (“HEMT”) Series 2006-4, 2006-5, 2006-6, 2007-1; and 2007-2, and Home Equity Asset Trust (“HEAT”) Series 2006-4, 2006-5, 2006-6, 2006-7, 2006-8, 2007-1, 2007-2, and 2007-3. |
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DO NOTHING |
If you do not timely submit a Claim Form by October 6, 2026, you will not get (and will be barred from receiving) a restitution payment. |
What is this case about?
On December 18, 2013, the New Jersey Bureau of Securities (“Bureau”) filed a Complaint against Credit Suisse. On September 4, 2014, the Bureau filed an Amended Complaint in the Action. The Amended Complaint alleged violations of the following provisions of the New Jersey Securities Law: 1) N.J.S.A. 49:3-52(b) (making materially false and misleading statements or omitting facts necessary to make the statements made not misleading in connection with the offer, sale or purchase of securities); and 2) N.J.S.A. 49:3-52(c) (engaging in any act or practice, or course of business which would operate as a fraud or deceit upon any person in connection with the offer, sale or purchase of securities). For more information about the alleged violations, see the Amended Complaint, the Consent Order and Final Judgment, and the Administrative Consent Order, available on the Court Documents section of this website.
On January 12, 2015, Credit Suisse filed an Answer to the Amended Complaint, denying all claims.
On October 24, 2022, the Court entered the Consent Order and Final Judgment against Credit Suisse. On October 25, 2022, the Bureau Chief entered an Administrative Consent Order as to Credit Suisse. Under the Consent Order and Final Judgment and Administrative Consent Order, Credit Suisse agreed to pay the Restitution Amount of $300 million to restore investors for Credit Suisse’s potential violations of the Securities Law. The Administrative Consent Order contains the Bureau Chief’s Findings of Fact and Conclusions of Law, made solely for the purpose of settling the Action, which Credit Suisse neither admitted nor denied.
The Bureau has engaged the Claims Administrator to administer the Restitution Amount.
Further Information
This website and the Notice (available here) summarize the Settlement. For more information, please refer to the Notice or view additional case documents under the “Court Documents” tab above. If you have further questions, you may contact the Claims Administrator. Their contact details are available on the Contact page.