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Case Status:    SETTLED
On or around 09/19/2022 (Date of last review)

Filing Date: April 16, 2021

According to the Complaint, Credit Suisse Group AG is a global financial services company.

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.

On August 13, 2021, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on November 11.

On September 12, 2022, the parties entered into a Stipulation of Settlement.

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