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 American Depositary Shares between March 20, 2015 and February 3, 2016. 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.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s risk protocols and control systems were routinely disregarded; (2) the Company was accumulating billions of dollars of highly illiquid securities in violation of those risk protocols; and (3) as a result, the Company’s statements about its business, operations, and risk controls were false and misleading and/or lacked a reasonable basis.
Shareholders have until February 20, 2018 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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