Credit Suisse Feels The Heat Over Solar Energy Co.'s Ch. 11

Law360, Los Angeles (June 20, 2013, 6:41 PM EDT) -- An Energy Conversion Devices Inc. shareholder on Monday filed a proposed class action against Credit Suisse International, accusing the Swiss bank of helping drive ECD into bankruptcy by manipulating the market for the solar energy company's stock through short-selling.

Plaintiff Mark Leevan says Credit Suisse conspired with a number of unknown defendants to manipulate the market for ECD stock through a scheme targeting the company's June 18, 2008, public offering, for which Credit Suisse was an underwriter. The scheme allegedly drove the price of ECD common stock from...
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