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Another class action lawsuit was filed against Credit Suisse in the United States. Investors accuse CS of committing securities fraud by making false statements about the bank’s business, operations and prospects.
According to a statement from the law firm, the law firm Kessler Topaz Meltzer & Check has therefore filed a lawsuit against Credit Suisse in the District Court of New Jersey for misrepresentation. In the report, it was stated that investors suffered significant losses due to the misleading statements made by Credit Suisse to the public.
Law firm seeking plaintiff
According to the information obtained, the defendants include Chairman of the Board Axel Lehmann (64), CEO Ulrich Körner (60) and CFO Dixit Joshi (54). Among other things, the plaintiffs accuse Lehmann of incorrectly stating in an interview in December that the outflow of funds has not only “flattened completely” but even “partially reversed”.
The firm is now seeking plaintiffs who wish to sue on behalf of all members of the Class or who wish to act passively in the background. The class action lawsuit was filed by investor Patrick Calhoun.
In mid-March, there were media reports that CS was sued by a group of shareholders in the US. The same allegations were made back then. (pbe/SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
