Recent Security Class Actions

Credit Suisse Group American Depositary Shares (NYSE: CS)

Company Name:Credit Suisse Group American Depositary Shares
Stock Symbol:NYSE: CS
Class Period Start:04/06/2021
Class Period End (inclusive):03/20/2023
Filing Deadline:05/08/2023

According to the complaint, 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: (i) contrary to Defendant Lehmann’s representations in December 2022, the sharp increase in customer outflows Credit Suisse began experiencing in October 2022 remained ongoing; (ii) accordingly, Credit Suisse had downplayed the impact of the Company’s recent series of quarterly losses and risk and compliance failures on liquidity and its ability to retain client funds; (iii) as a result, Credit Suisse had overstated the Company’s financial position and/or prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.