"Credit Suisse Group AG defrauded investors of more than $1 billion by misrepresenting the risks of its residential mortgage-backed securities," NJ Gov. Chris Christie's acting state Attorney General, John J. Hoffman, tells Bloomberg LP here. He called Credit Suisse "irresponsible and lazy" for lying about poor loan quality, leading up to the 2008 credit market freeze and ensuing recession. NJ's pension funds like other investors lost money in the resulting collapse. The bank has asked a New York judge to toss out the case.