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United States Law Firm Notifies Credit Suisse Investors to File Class Action Lawsuit Against Credit Suisse for False Statements & Misrepresentations
25th March 2023 | Hong Kong
A United States law firm has issued a notification to Credit Suisse investors to file a class action lawsuit against Credit Suisse for false statements & misrepresentations. Class Definition: The lawsuit seeks to recover losses on behalf of Credit Suisse investors who were adversely affected by alleged securities fraud between March 10, 2022 and March 15, 2023. The Case: “The filed complaint alleges that defendants made false statements and/or concealed that: (i) contrary to representations made in December 2022 by Credit Suisse’s Chairman, Axel P. Lehmann, the sharp increase in customer outflows Credit Suisse began experiencing in October 2022 remained ongoing; (ii) accordingly, Credit Suisse had downplayed the impact of the Company’s recent series of quarterly losses and risk and compliance failures on liquidity and its ability to retain client funds; (iii) as a result, Credit Suisse had overstated the Company’s financial position and/or prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.” From the law firm – If you suffered a loss in Credit Suisse during the relevant time frame, you have until May 8, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. More info below.
“ United States Law Firm Notifies Credit Suisse Investors to File Class Action Lawsuit Against Credit Suisse for False Statements & Misrepresentations “
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United States Law Firm Notifies Credit Suisse Investors to File Class Action Lawsuit Against Credit Suisse for False Statements & Misrepresentations
CS LAWSUIT ALERT: Levi & Korsinsky Notifies Credit Suisse Group AG Investors of a Class Action Lawsuit and Upcoming Deadline
23rd March 2023 – Levi & Korsinsky, LLP notifies investors in Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Credit Suisse investors who were adversely affected by alleged securities fraud between March 10, 2022 and March 15, 2023. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/credit-suisse-class-action-submission-form?prid=37533&wire=4
CS investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) contrary to representations made in December 2022 by Credit Suisse’s Chairman, Axel P. Lehmann, the sharp increase in customer outflows Credit Suisse began experiencing in October 2022 remained ongoing; (ii) accordingly, Credit Suisse had downplayed the impact of the Company’s recent series of quarterly losses and risk and compliance failures on liquidity and its ability to retain client funds; (iii) as a result, Credit Suisse had overstated the Company’s financial position and/or prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
WHAT’S NEXT? If you suffered a loss in Credit Suisse during the relevant time frame, you have until May 8, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
- Levi & Korsinsky, LLP
- Joseph E. Levi, Esq.
- Ed Korsinsky, Esq.
- 55 Broadway, 10th Floor
- New York, NY 10006
- jlevi@levikorsinsky.com
- Tel: (212) 363-7500
- Fax: (212) 363-7171
- www.zlk.com
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