{
}
Credit Suisse AT1 bondholders are facing a prolonged wait for a decision on their claims, with a ruling on the legality of the CHF 80 million damages lawsuit against Switzerland not expected until February 2025. The case stems from the Swiss Financial Market Supervisory Authority's controversial write-off of the bonds after the bank's collapse. Legal representation for Switzerland is led by prominent litigator William Savitt in a New York Federal Court.
A legal dispute involving eight former Credit Suisse creditors against Switzerland is expected to extend until at least February 2025, as they seek around CHF 80 million in damages. The plaintiffs argue that the Financial Market Authority's decision to write off CS's AT1 bonds was unlawful. Switzerland is represented in the New York federal court by William Savitt, a prominent trial lawyer known for his expertise in complex commercial litigation.
William Savitt
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
credit suisse at1 bondholders await legal decision on write-off claims
Swiss Franc
Wachtell, Lipton, Rosen & Katz
Credit Suisse Anlagestiftung
CHE
Dale Ho
William Savitt
Marlene Amstad
Show more
09:00 18.10.2024
creditors lawsuit against switzerland expected to extend into 2025
Swiss Franc
Wachtell, Lipton, Rosen & Katz
Credit Suisse Anlagestiftung
UBS SA
CHE
William Savitt
Dale Ho
Show more
07:08 18.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Financial Scams and Security
Global Financial Events
Market Analysis and Predictions
Banking Regulations
Retail and Consumer Goods
Hedge Funds & Private Equity
Supply Chain Management
Global Trade Developments
Workplace Trends
Startups & Entrepreneurship
CEO Changes
AI Innovations
Real Estate Investments
Funding Rounds & Investments
Government Economic Policies
Cryptocurrency Trends
Countries:
Companies:
JPMorgan Chase & Co.
Barclays PLC
NVIDIA Corporation
Morgan Stanley
The Goldman Sachs Group, Inc.
Bank of America Corporation
Citigroup Inc.
Wells Fargo & Company
Tesla, Inc.
Apple Inc.
The Charles Schwab Corporation
Tesmec S.p.A.
Geode Capital Management LLC
State Street Corporation
Huawei Technologies CO. Ltd.
HSBC Holdings plc
Netflix, Inc.
Credit Suisse Real Estate Fund Siat
Charles Schwab Investment Management Inc.
UBS Group AG
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
British Pound Sterling
Swiss Franc
Euro
United Arab Emirates Dirham
South Korean Won
Canadian Dollar
Offshore Chinese Yuan
Japanese Yen
Azerbaijani Manat
New Taiwan Dollar
Saudi Riyal
Singapore Dollar
Vietnamese Đồng
Hong Kong Dollar
People: