Eisenberg v. Credit Suisse AG et al

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Case overview

Case Number:

1:18-cv-02319

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Analisa Torres

Firms

Companies

Sectors & Industries:

  1. September 25, 2019

    Credit Suisse Defeats Investor Suit Over Inverse VIX Crash

    A New York federal judge ruled Wednesday that Credit Suisse expressly warned investors that buying short-term notes that were inversely tied to stock market volatility was risky before the price of those notes crashed last year.

  2. August 28, 2018

    Objector Loses Lead Plaintiff Challenge In Credit Suisse Suit

    A New York federal judge on Monday overruled Y-GAR Capital LLC's objections to a magistrate judge's lead plaintiff appointment in a consolidated securities action facing Credit Suisse Group AG, finding that the magistrate judge did not err in denying Y-GAR Capital's competing lead plaintiff bid.

  3. August 01, 2018

    JPML Won't Centralize Credit Suisse Inverse VIX Suits In NY

    The Judicial Panel on Multidistrict Litigation on Wednesday denied a bid from Credit Suisse to centralize four putative class actions the bank is facing from investors in its short-term notes inversely related to the stock market's volatility index, saying there aren't enough involved parties or lawsuits to warrant centralization.

  4. March 16, 2018

    Credit Suisse Investors Sue Over Inverse VIX Price Drop

    Two investors in Credit Suisse's short-term notes inversely related to the stock market's volatility index have filed putative class actions in New York federal court alleging the bank misrepresented the value of the notes during a critical time of steep price drops and substantial investor losses.

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