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ECD Investor Group el al v. Credit Suisse International et al
Case Number:
1:14-cv-08486
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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September 05, 2017
Credit Suisse Sheds Solar Energy Short-Selling Suit
Credit Suisse International was handed a win by a New York federal judge in a proposed class action brought by Energy Conversion Devices Inc. shareholders alleging the bank pushed ECD into bankruptcy by manipulating the market for the solar panel maker's stock through short selling.
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May 03, 2017
Credit Suisse Looks To Toss Solar Energy Co.'s Investor Suit
Credit Suisse urged a New York federal judge on Tuesday to toss a proposed class action brought by a group of Energy Conversion Devices Inc. shareholders accusing the Swiss bank of helping drive the solar energy company into bankruptcy by manipulating the market for ECD's stock through short selling, saying the allegations attack a standard securities transaction that has been carried out "literally dozens of times" without inviting a lawsuit.