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Retired Stockbroker Takes Credit Suisse to Court for $26 Million Loss

Credit Suisse is being sued by Mr Koh Kim Teck, aged 63 and retired stockbroker, for breaching its duties to manage his private wealth account with care.

” Credit Sussie Sued by Retired Stockbroker for $26 Million Losses in 2008 “

During the 2008 financial crisis, he had incurred $26 million of investment losses.  Credit Sussie applied to dismiss the lawsuit, but had been rejected.

Source: Business Times, Straits Times

 



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