LOS ANGELES, CA / ACCESSWIRE / June 23, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Credit Suisse Group AG ("Credit Suisse" or "the Company") (NYSE:CS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between March 19, 2021 and March 25, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before June 28, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]irm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Credit Suisse failed to maintain appropriate controls on disclosures and financial reporting. The Company lent money to Russian oligarchs, placing it at risk of sanctions. The Company's Securitization Deal was related to loans it made to Russian Oligarchs previously sanctioned by the U.S. government. The purpose of the Securitization Deal was to shift risks related to these loans and to avoid potential future sanctions. The Company requested investors that did not participate in the Securitization Deal destroy documents related to the Deal. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Credit Suisse, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm