A federal judge has dismissed a $24 billion lawsuit accusing Credit Suisse of running a predatory loan-to-own scheme that plaintiffs claimed loaded four luxury ski and golf resorts with debt so it could foreclose on their assets.

Judge Justin L Quackenbush of the US District Court in Idaho granted a request from Credit Suisse and real estate adviser Cushman & Wakefield for summary judgement, dismissing the suit and handing a big victory to the two companies in a six-year-long legal battle involving ultra-luxe vacation resorts in the Caribbean and western US.