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Home»Business»Credit Suisse retail investors plan lawsuit challenging UBS buyout- FT
Business

Credit Suisse retail investors plan lawsuit challenging UBS buyout- FT

August 13, 2023No Comments1 Min Read
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The logo of Credit Suisse is seen outside its office building in Hong Kong

The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023. REUTERS/Tyrone Siu

Aug 13 (Reuters) – Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging the buyout, the Financial Times reported on Sunday.

The Swiss Investor Protection Association plans to file the claim in Zurich’s commercial court on Monday on behalf of about 500 Credit Suisse equity investors, the newspaper said.

Reporting by Gokul Pisharody in Bengaluru; Editing by William Mallard

: .

See also  Analysis: Financial or price stability? Fed faces calls to pause
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