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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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