January 14, 2026
Two Second Circuit judges Wednesday sounded inclined to uphold the dismissal of a breach of duty claim against Credit Suisse and others tied to its auditing firm, with one saying the decision to bring the stock-plunge case in New York "almost smacks of forum shopping."
February 15, 2024
A New York federal judge has thrown out a proposed class action lawsuit filed against Credit Suisse AG subsidiaries and the bank's auditor, KPMG, in the wake of the Swiss bank's sudden takeover, saying that suing investors could not skirt an earlier state ruling that found the case did not belong in the U.S.
September 25, 2023
The CEO of KPMG International, along with two other current and former executives of the firm, urged a New York judge to cross their names off a proposed shareholders' suit accusing them of contributing to the failure of Credit Suisse earlier this year, arguing that they had no role in auditing the financial giant.
May 30, 2023
A Credit Suisse shareholder filed a proposed class action in New York federal court on Tuesday alleging that global auditing firm KPMG and more than a dozen of its partners contributed to the years of mismanagement at the bank that ultimately led to its collapse earlier this year.