A group of people and entities have filed a class action lawsuit against Credit Suisse , alleging that the Swiss bank misled investors over business dealings related to Russian oligarchs, law firm Pomerantz LLP said.
Highlights
- Law firm Pomerantz LLP says Credit Suisse misled investors over dealings related to Russian oligarchs.
- Lawsuit filed in New York district court is on behalf of people and entities who acquired credit Suisse securities between March 19, 2021 and March 25, 2022.
- Law firm alleged disclosure shortcomings around a securitisation deal.
- The lawsuit also referred to a request made by U.S.
- lawmakers in March for Credit Suiss to hand over documents related to the financing of yachts and private jets owned by potentially sanctioned individuals.
- Credit Susex stopped pursuing new business in Russia after the invasion of Ukraine on Feb.