Ex-Worker Sues Credit Suisse Over $300M In Unpaid Wages

A former Credit Suisse Securities (USA) LLC financial adviser accused the company of withholding up to $300 million in deferred compensation it owed hundreds of employees when it closed its financial advisory operations in 2015, according to a proposed class action filed Wednesday in California federal court.

Christopher M. Laver said in the complaint that he worked in Credit Suisseā€™s private banking division for 13 years before leaving to join UBS Securities when Credit Suisse shuttered the organization. He claimed his contract had set aside a...

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