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A federal bankruptcy judge ruled yesterday that a $375 million loan Credit Suisse made to a Montana resort was predatory and should be subordinated to other debts.

Judge Ralph Kirscher wrote in a partial and interim order that the Swiss bank “lined its pockets” on the backs of the Yellowstone Club’s creditors.

Kirscher said Credit Suisse’s actions “were so far overreaching and self-serving that they shocked the conscience of the Court.”

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