Credit Suisse Group American Depositary Shares (NYSE: CS)
Company Name:Credit Suisse Group American Depositary Shares
Stock Symbol:NYSE: CS
Class Period Start:10/29/2020
Class Period End (inclusive):03/31/2021
The Complaint alleges that during the Class Period, Defendants issued materially false and misleading statements regarding the Company’s business metrics and financial prospects. Specifically, the Complaint alleges Defendants concealed material defects in the Company’s risk policies and procedures and compliance oversight functions and efforts to allow high-risk clients to take on excessive leverage, including Greensill Capital and Archegos Capital Management, exposing the Company to billions of dollars in losses.