Credit Suisse Group AG
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to email@example.com.
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It is alleged in this complaint that Credit Suisse issued materially false and misleading statements in regard to their business metrics and financial prospects. Specifically, Credit Suisse concealed material defects in Credit Suisse’s risk policies and procedures, as well as compliance oversight functions and efforts to allow high-risk clients to take on excessive leverage, which exposed Credit Suisse to billions of dollars in losses. As a result of Credit Suisse’s false statements, their ADRs traded at artificially inflated prices, reaching a high of $14.95 per ADR by February 2021. Subsequently, Credit Suisse revealed billions of dollars in losses in relation to the collapse of its Greensill-linked funds, as well as the implosion of total return swap positions the company had entered into with Archegos. Grave deficiencies were revealed by these corporate scandals in Credit Suisse’s risk and compliance activities, which caused the price of Credit Suisse ADRs to plummet, by March 31, 2021 reaching a low of just $10.60 per ADR.