Credit Suisse Group AG Class Action Lawsuit - CS

The filed complaint alleges that Credit Suisse Group AG made materially false and/or misleading statements and/or failed to disclose that: (i) contrary to representations made in December 2022 by Credit Suisse’s Chairman, Axel P. Lehmann, 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.

In order to be eligible to join the CS class action lawsuit, you must have incurred a loss on shares of Credit Suisse purchased during the class period listed above.

If you suffered a loss in Credit Suisse during the relevant time frame or pursuant to the relevant offering(s), you have until May 8, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.