BOSTON, March 16, 2023 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Credit Suisse Group AG ADR (NYSE: CS) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/cs.
What is this all about?
Credit Suisse has been suffering from significant losses and large client withdrawals, which caused a large stock drop in October 2022. On December 2, 2022, its new Chairman Axel Lehmann told investors that as of November 11, 2022 customer outflows have “basically stopped.” On February 9, 2023 CS reported year-end 2022 results and admitted to large customer outflows through year-end 2022. Swiss regulators launched an investigation into Lehmann’s statements.
Shares of CS dropped more than 15% on February 9, 2023.
Who is eligible?
Anyone who purchased Credit Suisse AG ADR stock between December 1, 2022 and February 17, 2023, and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is May 8, 2023. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
