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Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) Investor Investigation Over Possible Violations Of Securities Laws

  • Investors who purchased shares of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV), have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Credit Suisse Group
Security

Summary

An investigation on behalf of investors of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) shares over potential securities laws violations in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) concerning whether a series of statements regarding VelocityShares Daily Inverse VIX Short Term ETNs business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) rose from $16.68 per share on February 12, 2016 to as high as $146.44 per share on January 11, 2018.

On February 6, 2018, Credit Suisse announced an event acceleration of XIV due to an acceleration event.

Shares of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) declined to as low as $5.10 per share on February 8, 2018.

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