A federal judge says property owners can sue Credit Suisse over loans it made to the Yellowstone Club and other luxury resorts that went broke.
But Judge Edward Lodge also dismissed a racketeering claim in the multibillion-dollar case against the banking giant.
His ruling Friday from Boise, Idaho, means plaintiffs in the case would not be eligible for triple damages as allowed in civil racketeering lawsuits.
But Lodge allowed the plaintiffs to proceed on claims for $8 billion in alleged damages.
The lawsuit alleges Credit Suisse set up an offshore branch to skirt U.S. rules, appraise resorts at inflated prices, give them loans they could not repay and ultimately foreclose on the properties.
Those included Idaho's Tamarack Resort, Montana's Yellowstone Club, Nevada's Lake Las Vegas resort and the Ginn Sur Mer Resort in the Bahamas.