Gomez v. Credit Suisse AG

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Case overview

Case Number:

1:22-cv-00115

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

John P. Cronan

Firms

Companies

Sectors & Industries:

  1. February 09, 2024

    2nd Circ. Won't Revive Credit Suisse Delisted Trade Note Suit

    The Second Circuit declined on Friday to revive a proposed class action accusing Credit Suisse of causing retail investors substantial losses by delisting a popular exchange-traded note, saying the bank gave adequate warnings of the risks investors faced and cautioned them against holding the note for more than a day, among other things.

  2. March 31, 2023

    Credit Suisse Escapes Delisted Trade Note Suit, For Now

    A New York federal judge on Friday tossed a proposed class action accusing Credit Suisse of causing retail investors substantial losses in delisting a popular exchange-traded note, saying the bank made repeated and extensive disclosures of the investment risk.

  3. July 12, 2022

    Credit Suisse Wants Delisted Exchange-Traded Note Suit Axed

    Credit Suisse has asked a New York federal judge to permanently toss a proposed class action alleging it caused retail investors substantial losses in delisting a popular exchange-traded note, arguing the investment banking company put out adequate warnings about the note's risks.

  4. January 06, 2022

    Investors Hit Credit Suisse With Suit Over Delisted Trade Note

    Credit Suisse was hit with a proposed class action Thursday over claims that it caused retail investors substantial losses when it "destroyed" a popular exchange-traded note and sent them scrambling to cover short positions at wildly inflated prices. 

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