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us lawyers intensify pressure on switzerland over at1 bond lawsuit

US lawyers are intensifying their lawsuit against Switzerland regarding the declaration of worthlessness of AT1 bonds, with the amount in dispute rising to $372 million. The case, led by Quinn Emanuel, accuses Switzerland of violating property rights and orchestrating the Credit Suisse takeover. Switzerland must respond by February 3, 2025, with a court decision not expected until summer 2025.
finews.ch
Credit Suisse High Yield Bond Fund, Inc. JPN CYM USA LUX Dennis Hranitzky Show more
Regulatory & Legal, News Article
09:40 09.01.2025

us lawyers intensify lawsuit against switzerland over credit suisse bond write-down

U.S. lawyers are intensifying their lawsuit against Switzerland over the write-down of AT1 bonds, now valued at $372 million, with additional plaintiffs joining the case. The law firm Quinn Emanuel alleges that Switzerland facilitated Credit Suisse's takeover by UBS, violating property rights of AT1 holders. Switzerland must respond to the amended complaint by February 3, 2025, with a court decision expected by summer 2025.
finews.com
United States Dollar Credit Suisse High Yield Bond Fund, Inc. USA JPN CYM LUX CHE Dennis Hranitzky Show more
Regulatory & Legal, News Article
09:40 09.01.2025
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