Highland’s affiliate Claymore accused Credit Suisse of over rating a loan for Lake Las Vegas, a 3,592-acre luxury development including a residential and resort community in Henderson, Nevada.

The property went into bankruptcy in 2008.

Highland initially demanded $377m in damages in one of the two disputes with the bank.

However, Credit Suisse argued that Highland’s claimed losses were a result of real estate crash during the economic meltdown and not because of its appraisal.

In December, a Texas jury observed that Credit Suisse had fraudulently enticed investors to back a $540m loan for Lake Las Vegas resort.

Bloomberg cited Highland Capital spokesman Tom Becker as saying: "We are pleased that the Texas state court ruled on our favour on all claims.

"(The bank) has breached the terms of a contract with certain Highland funds when it committed a massive and systematic fraud."

Two Highland entities filed lawsuits against Credit Suisse in New York state court with similar claims regarding marketed loans for the luxury Yellowstone Club resort in Montana and other developments.

However, New York judge dismissed a major part of that lawsuit.