Credit Suisse Sues Homex for $27 Million on Derivatives Deal
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Credit Suisse Group AG sued Desarrolladora Homex SAB, Mexico’s biggest homebuilder by revenue, seeking $26.7 million over a canceled derivatives transaction.
Homex owes the payment after the company last month requested that the 2009 agreement be cancelled and Credit Suisse agreed, the Swiss bank said in a complaint filed today in New York State Supreme Court in Manhattan.