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Credit Suisse Group AG (NYSE: CS) Investor Securities Class Action Lawsuit 04/16/2021

  • If you purchased shares of Credit Suisse Group AG (NYSE: CS), you have certain options and for certain investors are short and strict deadlines running. Deadline: June 15, 2021. NYSE: CS investors should contact the Shareholders Foundation, Inc.

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

Lawsuit Overview

Company
Credit Suisse Group
Security
NYSE: CS

Case Name
Credit Suisse Group AG Shareholder Class Action Lawsuit 04/16/2021
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of New York

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Summary

April 16, 2021 - An investor in shares of Credit Suisse Group AG (NYSE: CS) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Credit Suisse Group AG in connection with certain allegedly false and misleading statements made between October 29, 2020 and March 31, 2021.

The plaintiff claims that Credit Suisse recently revealed billions of dollars in losses tied to the collapse of its Greensill Capital-linked funds and the implosion of total return swap positions Credit Suisse had entered into with Archegos Capital Management.

According to the complaint the plaintiff alleges on behalf of purchasers of Credit Suisse Group AG (NYSE: CS) common shares between October 29, 2020 and March 31, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 29, 2020 and March 31, 2021, the defendants concealed material defects in the Company’s risk policies and procedures and compliance oversight functions and efforts to allow high-risk clients to take on excessive leverage, including Greensill Capital (“Greensill”) and Archegos Capital Management (“Archegos”), exposing the Company to billions of dollars in losses.