Credit Suisse Settles Investor Class Action For $70M

Law360 (March 10, 2011, 4:29 PM EST) -- Investors accusing Credit Suisse Group AG of failing to disclose its risks associated with subprime lending asked a federal judge in New York Thursday to approve a $70 million settlement that resolves their putative securities class action.

The lead plaintiffs filed a motion seeking preliminary approval of the settlement and certification of a settlement class in the U.S. District Court for the Southern District of New York.

The proposed settlement class includes all purchasers of Credit Suisse American Depository Shares on the New York Stock Exchange...
To view the full article, register now.




Case Information

Case Title

Cornwell et al v. Credit Suisse Group et al

Case Number



New York Southern

Nature of Suit



Victor Marrero

Date Filed

April 21, 2008

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.