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5/1/22

Russian Sanctions: Credit Suisse sued in U.S. over alleged business related to oligarchs

A group of people and entities have filed a class action lawsuit against Credit Suisse, alleging that the Swiss bank misled investors over business dealings related to Russian oligarchs, law firm Pomerantz LLP said.

Credit Suisse did not comment when contacted by Reuters.

The lawsuit, filed in a New York district court, is on behalf of people and entities who acquired Credit Suisse securities between March 19, 2021 and March 25, 2022, Pomerantz said in a statement issued late on Friday.

“The complaint alleges that, throughout the class period, defendants made materially false and misleading statements regarding the company’s business, operations, and compliance policies,” Pomerantz said in the statement.

Read more at: Credit Suisse sued in U.S. over alleged business related to oligarchs – Metro US

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