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In re: TVIX Securities Litigation
Case Number:
1:12-cv-04191
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 09, 2014
Credit Suisse Escapes Suit Over $340M Note Loss
A New York federal judge on Monday granted Credit Suisse AG's motion to toss a consolidated class action accusing it of understating the risks of an exchange-traded note it issued that led to $340 million in rapid losses, saying plaintiffs failed to plead plausibly that the disclosure was misleading.
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November 27, 2012
Credit Suisse Attacks Class Action Over $340M Trade Loss
Credit Suisse AG demanded Monday that a New York federal court throw out a class action accusing the bank of understating the risks of an exchange-traded note it issued that led to $340 million in rapid losses earlier this year.
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July 18, 2012
Investors Target Credit Suisse Over $340M In Losses
A putative class of investors sued Credit Suisse Securities LLC on Monday for allegedly understating the risks when selling exchange-traded notes that rapidly lost value when the bank suspended issuance of the notes, causing "disastrous losses" of an estimated $340 million.
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May 29, 2012
Investors Smack Credit Suisse With $340M ETN Suit
A group of investors on Tuesday told a New York federal court that Credit Suisse AG cost them an estimated $340 million by understating the risks associated with exchange-traded notes it sold them that rapidly lost value when the bank suspended issuance of the notes.