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Credit Suisse Group AG (NYSE: CS) Securities Fraud Class Action

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COMPANY         Credit Suisse Group AG
COURT United States District Court for the District of New Jersey
CASE NUMBER 23-cv-01297
JUDGE The Honorable Naomi Reice Buchwald
CLASS PERIOD February 18, 2021 and March 20, 2023
SECURITY TYPE  Securities

Case Background:

A class action lawsuit has been filed on behalf of those who purchased or acquired Credit Suisse Group AG (“Credit Suisse”) (NYSE: CS) securities between February 18, 2021 and March 20, 2023, both dates inclusive (the “Class Period”).

The complaints allege that, throughout the Class Period, Defendants made materially false and misleading statements regarding the company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) contrary to Defendant Lehmann's representations in December 2022, the sharp increase in customer outflows Credit Suisse began experiencing in October 2022 remained ongoing; (2) accordingly, Credit Suisse had downplayed the impact of its recent series of quarterly losses and risk and compliance failures on liquidity and its ability to retain client funds; (3) as a result, Credit Suisse had overstated its financial position and/or prospects; and (4) as a result, the company's public statements were materially false and misleading at all relevant times.

Current Status of Case:

On September 26, 2023, Lead Plaintiff filed an Amended Complaint.  This action is ongoing.  

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.  If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form relating to your transactions for Credit Suisse Group AG (NYSE:  CS) securities between February 18, 2021 and March 20, 2023, both dates inclusive (the “Class Period”). 

You may also contact Jonathan Naji, Esq. (484) 270-1453; or you may submit your information via email at info@ktmc.com; or you may click here to print a PDF of this form.

SUBMIT YOUR INFORMATION
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Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Credit Suisse Group AG prior to the Class Period?
Are you a current or former employee of Credit Suisse Group AG?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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