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Core Capital Partners, Ltd. v. Credit Suisse Group AG et al
Case Number:
1:23-cv-09287
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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October 18, 2024
Credit Suisse, PwC Fight Bondholders' Separate Merger Suits
Credit Suisse and PwC have urged a New York federal judge to toss a proposed class action alleging that they concealed the impact of quarterly losses and the bank's inability to retain client funds leading up to its takeover by UBS AG, saying the plaintiff launched the suit to circumvent its rejected bid to be lead plaintiff in a similar suit.
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October 23, 2023
Credit Suisse Bondholders Lost Billions In Merger, Suit Says
Credit Suisse and PwC concealed the impact of quarterly losses and the bank's inability to retain client funds in the months leading up to its March takeover by UBS AG, resulting in billions of dollars of bonds rendered worthless, according to a proposed class action.