February 09, 2024
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.
March 31, 2023
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.
July 12, 2022
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.
January 06, 2022
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.