According to Channel News Asia, Credit Suisse is challenged a court ruling ordering it to pay a U.S. hedge fund $287.5 million in a case linked to the sub-prime housing crisis.

News Asia said a court in Texas ruled last week in favor of a unit of Highland Capital Management in a suit against the bank for an overvalued real estate project called Lake Las Vegas, which the hedge fund unit invested in in 2007. The resort community subsequently filed for bankruptcy.

News Asia noted that a Dallas judge ordered Credit Suisse to pay $211.9 million in damages and restitution and $75.6 million in pre-judgement damages and interest, following a jury ruling last year finding Credit Suisse had inflated appraisals on development projects.

Access the full Channel News Asia report here.