Venture Capital

Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Credit Suisse Group Ag

by finance.yahoo.com posted 5months ago 230 views
NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Credit Suisse Group AG (“Credit Suisse” or the “Company”), including purchasers of Credit Suisse American Depositary Shares (“ADSs”) (NYSE: CS). On March 29, 2021, before the U.S. markets opened, Credit Suisse disclosed in an SEC filing that “[a] significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks” and that the resulting loss “could be highly significant and material to [the Company’s] first quarter results. . .