ALBANY– New York’s highest court will hear arguments this week as to whether an $11 billion lawsuit against Credit Suisse filed by Attorney General Eric Schneiderman can proceed.

On Wednesday, the state’s Court of Appeals will hear oral arguments in the case People, by Schneiderman v. Credit Suisse Securities, No. 40, which stems from a 2012 lawsuit Schneiderman filed charging that the Swiss international bank misrepresented the risks of residential mortgage-backed securities to investors in 2006 and 2007. Those securities helped spur the 2008 financial crisis.

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