LOS ANGELES–(BUSINESS WIRE)–$CS #CS—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Credit Suisse Group AG (“Credit Suisse” or “the Company”) (NYSE: CS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Credit Suisse is the subject of a report by Reuters published on February 21, 2023. According to the report, Chairman Axel Lehmann was facing a probe based on his answers to questions in a December interview. Lehmann claimed that customer outflows had “basically stopped,” at a time the Company had disclosed a loss of client assets worth 84 billion francs. Despite Lehmann’s comments, by the end of the quarter, losses totaled 110.5 billion francs. Based on this news, shares of Credit Suisse fell by 3.3% on the same day.
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].
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.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
