Now it’s getting hard
US investor group files suit against CS
New disaster for Credit Suisse from the US. A powerful group of investors filed a class action against the big bank from Paradeplatz. This can have serious consequences.
New disaster comes to Credit Suisse from the US.
Another class action lawsuit has been filed against Credit Suisse in the United States. Investors accuse CS of committing securities fraud by misrepresenting facts about the bank’s business, operations and prospects.
For that reason, law firm Kessler Topaz Meltzer & Check has filed a misrepresentation lawsuit against Credit Suisse in the District Court of New Jersey, according to a statement from the law firm. Investors suffered significant losses due to Credit Suisse’s misleading statements to the public, the report said.
The law firm is looking for a lawsuit
According to the information, the chairman of the Board of Directors, Axel Lehmann (64), CEO Ulrich Körner (60) and CFO Dixit Joshi (54) are among the accused. Among other things, the plaintiffs accuse Lehmann of falsely stating in an interview in December that the flow of funds was not only “completely flattened” but also “partially reversed.”
The firm is now seeking plaintiffs who wish to litigate on behalf of all Class members or who wish to operate passively in the background. The class action lawsuit was filed by investor Patrick Calhoun.
As early as mid-March, it was reported in the media that CS is being sued by a group of shareholders in the USA. At that time it was about the same charges. (pbe/SDA)