The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Suisse Group AG (NYSE: CS) who purchased shares between October 29, 2020 and March 31, 2021. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the Credit Suisse lawsuit alleges that 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 (“Greensill”) and Archegos Capital Management (“Archegos”), exposing the Company to billions of dollars in losses.
Shareholders have until June 15, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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