NEW YORK, June 5, 2021 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of securities of Credit Suisse Group AG (NYSE: CS) between October 29, 2020 and March 31, 2021 inclusive (the “Class Period” ), the importance June 15, 2021, lead applicant deadline.
SO WHAT: If you purchased securities of Credit Suisse during the Class Period, you may be entitled to compensation without payment of any fees or direct costs under a contingency fee agreement.
WHAT TO DO NEXT: To join the Credit Suisse class action lawsuit, go to http://www.rosenlegal.com/cases-register-2091.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than June 15, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, review companies do not have comparable experience or resources. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: Depending on the lawsuits, the defendants throughout the litigation period made false and / or misleading statements and / or failed to disclose that: (1) Credit Suisse’s commingling of its lending, management functions asset and private wealth management and the recklessly aggressive pursuit of fees had significantly diminished the Company’s ability to properly assess and manage its own risk exposure to high-risk clients and the potential liabilities resulting from losses of clients. clients ; (2) Credit Suisse had ignored many red flags related to Greensill Capital funds, such as suspicious shipping activity during an internal compliance check, and ignored the concerns of the internal fund structuring team. credit the company by packing and selling billions of dollars’ worth of Greensill-related securities to investors; (3) Credit Suisse conspired with Sung Kook (“Bill”) Hwang to allow Archegos Capital Management to covertly take billions of dollars in excessively concentrated and risky positions using highly leveraged total return swaps, placing the risk of loss associated with these positions on Credit Suisse and its investors; (4) Credit Suisse underestimated its risk exposure and thus overestimated its Tier 1 capital ratios in its public statements; and (5) Credit Suisse’s internal controls were inadequate to ensure that the Company’s potential liability to customers and losses resulting from its exposure to customer losses were properly recognized, managed and disclosed to investors. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the Credit Suisse class action lawsuit, go to http://www.rosenlegal.com/cases-register-2091.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future recovery does not depend on whether he or she is a lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827