Credit Suisse $300 Million RMBS Restitution Settlement for Misleading Mortgage Claims
The Credit Suisse $300 Million RMBS Restitution Settlement for Misleading Mortgage Claims settlement offers $300M in total to eligible claimants who purchased or otherwise acquired an interest in credit suisse rmbs trust certificates before dec. 18, 2013. The deadline to file is October 6, 2026. Proof of purchase is required.
Deadline: October 6, 2026
Total amount allocated for all claims
Estimated amount per eligible claim
Claimants must provide their Social Security number or taxpayer identification number. For each eligible RMBS trust certificate transaction, they must include trade dates for purchases/acquisitions, principal distributions, and sales/dispositions; the CUSIP number and face value; and the price and total cost/proceeds for each transaction excluding interest, commissions, taxes, and fees. They must also provide the CUSIP number and face value of all eligible certificates held as of Dec. 18, 2013. Supporting documentation must be provided, such as brokerage/trade confirmation slips, monthly brokerage account statements, an authorized broker statement showing transaction and holding information, a broker letter on firm letterhead verifying the information, or other equivalent transaction proof. Legal representatives must include documentation proving their authority if submitting on behalf of others.
Settlement Summary
In the years leading up to the financial crisis, Credit Suisse and other Wall Street firms packaged home-loan payments into residential mortgage-backed securities (RMBS)—complex investment “trust certificates” that were supposed to reflect the underlying quality and risk of mortgage pools. Over time, many investors alleged that certain RMBS offerings were sold with materially misleading information, including omissions and statements that made the mortgage collateral and associated risks appear safer or more reliable than they were. This dispute later became part of a wave of investor actions focused on whether banks and broker-dealers violated state and federal securities laws by using deceptive sales practices to win investor trust and capital. The New Jersey Bureau of Securities filed claims on the theory that Credit Suisse Securities (USA) LLC, Credit Suisse First Boston Mortgage Securities Corp., and DLJ Mortgage Capital Inc. engaged in fraudulent or deceptive practices in connection with the offer, sale, or purchase of covered RMBS trust certificates, and the firms reached a $300 million restitution settlement to resolve the matter. Importantly, investors who bought certain Credit Suisse RMBS certificates before Dec. 18, 2013 may file for restitution, with individual payments calculated on a pro rata basis depending on the number of valid claims and specific purchase, holding, and sale details; the settlement also reflects industry significance because it is tied to alleged violations of New Jersey securities law and the general duty to provide accurate, non-misleading disclosures in securities transactions. Similar cases have followed against major banks and RMBS issuers, and they echo the broader industry push for accountability around mortgage securitization—an area heavily scrutinized for how disclosures, underwriting assumptions, and pool-level risk were communicated to investors in a regulatory environment shaped by securities anti-fraud principles and investor-protection rules.
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Eligibility Requirements
- Purchased or otherwise acquired an interest in Credit Suisse RMBS trust certificates before Dec. 18, 2013
- The purchased/acquired interest must be in one or more covered RMBS trust certificate series (listed in the notice): Home Equity Mortgage Trust (Series 2006-4, 2006-5, 2006-6, 2007-1, 2007-2) and Home Equity Asset Trust (Series 2006-4, 2006-5, 2006-6, 2006-7, 2006-8, 2007-1, 2007-2, 2007-3)
- Both individuals and entities may file
- A beneficial owner or a legal representative must file the claim
- All joint beneficial owners must sign the claim form
- If filed by a legal representative (e.g., executor, administrator, guardian, conservator, trustee), proof of authority is required
- Each separate legal entity or separately managed account must submit a separate claim form
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Important Notice About Filing Claims
Submitting false information in a settlement claim is considered perjury and will result in your claim being rejected. Fraudulent claims harm legitimate class members and may result in legal consequences.
If you are unsure about your eligibility for this settlement, please visit the official settlement administrator’s website using the link provided above. Review the eligibility criteria carefully before submitting a claim.
Class Action Champion is an independent information resource and is not affiliated with any settlement administrator, law firm, or court. We provide settlement information as a service to help connect eligible class members with legitimate settlements.