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CS.US
id: 426, Created by Stan Vick Chase, Scout
Credit Suisse Group
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On October 27, 2022, Credit Suisse Group (CS) plunged over 20% after the bank reported its Q3 earnings results and the management announced the restructuring plan.
“We had hoped for a more radical retrenchment,” said Stefan Stalmann, an analyst with Autonomous Research. JPMorgan Chase & Co.’s Kian Abouhossein echoed that sentiment, saying he was “hoping for more shrinkage in the investment bank” and calling the plan more complicated than resets at Deutsche Bank AG and UBS Group AG.
To realize the Plan, Credit Suisse reported that the Bank will need to raise more than $4 billion of new capital, diluting existing shareholders. Suadi Arabia Bank already agreed to buy a 9.9% share for $1.5 billion.
Previously, the Bank has taken actions and made public and private statements and assurances that the situation in the bank is stable to reassure its investors and customers. After the announced measures of restructuring and dilution of capital, the shareholders of the Bank have every reason to suspect that the representatives and leaders of the Bank misinformed them.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Price manipulation,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
27 October 2022