Lawsuit filed for Investors in shares of Credit Suisse Group AG (NYSE: CS)

An investor, who purchased shares of Credit Suisse Group AG (NYSE: CS), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by Credit Suisse Group AG.

Investors who purchased shares of Credit Suisse Group AG (NYSE: CS) have certain options and for certain investors are short and strict deadlines running. Deadline: June 15, 2021. NYSE: CS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that Credit Suisse recently revealed billions of dollars in losses tied to the collapse of its Greensill Capital -linked funds and the implosion of total return swap positions Credit Suisse had entered into with Archegos Capital Management.

According to the complaint the plaintiff alleges on behalf of purchasers of Credit Suisse Group AG (NYSE: CS) common shares between October 29, 2020 and March 31, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 29, 2020 and March 31, 2021, the defendants concealed material defects in the Company’s risk policies and procedures and compliance oversight functions and efforts to allow high-risk clients to take on excessive leverage, including Greensill Capital (“Greensill”) and Archegos Capital Management (“Archegos”), exposing the Company to billions of dollars in losses.

Those who purchased shares of Credit Suisse Group AG (NYSE: CS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.