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CS.US
id: 605, Created by Stan Vick Chase, Scout
Join Credit Suisse (CS) Misleading Case to Fight Losses
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:
- Credit Suisse (CS) revealed that, contrary to Lehmann’s prior statements, large customer outflows had continued.
- $CS price fell 15.64%, seriously damaging investors.
- Investors suspect #CreditSuisse and its Leader of multiple misleading statements which led to shareholders' losses.
On February 21, 2023, #Reuters reported that the Swiss Financial Market Supervisory Authority was reviewing #CreditSuisse Chairman, Axel P. Lehmann’s previous comments regarding customer outflows.
On this news, Credit Suisse’s ADS price fell 3.31% and the Company lost over $390M of market cap, damaging investors.
- Earlier, on February 9, 2023, Credit Suisse revealed that, contrary to Lehmann’s prior statements, large customer outflows had continued through year-end 2022. Specifically, the press release reported customer outflows of CHF 110.5B in the final three months of 2022, a figure which far exceeded market expectations. On this news, $CS price fell 15.64%..
- Meanwhile, on December 1, 2022, Credit Suisse’s Chairman Lehmann stated in an interview with #FinancialTimes that customer outflows had not only “completely flattened out,” but had, in fact, “partially reversed.” The following day, in an interview with #Bloomberg Television, Lehmann reiterated his previous statements, reassuring investors that as of November 11, 2022, customer outflows had “basically stopped”.
- Going back, In October 2022, Credit Suisse began experiencing a sharp increase in customer outflows, or withdrawals of client funds, after a series of quarterly losses and risk and compliance failures significantly decreased the Company’s ADS's price.
Taking all representations and appeared facts into account, Investors have reasons to suspect $CS and its Leader of multiple misleading statements which led to shareholders' losses.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Price manipulation,
Negligence,
Omissions
Suspected Party
Directors,
Management,
Influencer,
Investment Bank
Security Type
Stocks
Trade Direction
Long
Shock Event Date
21 February 2023
Lead Plaintiff Deadline
08 May 2023
Court
District of New Jersey