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NEW YORK, May 31, 2022 /PRNewswire/ — WHY: New York, NY, May 31, 2022. Rosen Law Firm, a global investor rights law firm, reminds buyers of Credit Suisse Group AG (NYSE:CS) securities between March 19, 2021 and March 25, 2022inclusive (the “Class Period”), the substantialJune 28, 2022 lead applicant deadline.

SO WHAT: If you purchased Credit Suisse securities during the Class Period, you may be entitled to compensation without payment of any disbursements or fees through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Credit Suisse class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=5868 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than June 28, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Credit Suisse had deficient disclosure controls and procedures and internal control over financial reporting; (2) Credit Suisse’s practice of lending money to Russian oligarchs subject to US and international sanctions has created a significant risk of violation of the rules relating to these sanctions and future sanctions; (3) the foregoing conduct has subjected the Company to increased risk of increased regulatory scrutiny and/or enforcement action; (4) a synthetic securitization transaction, in which Credit Suisse sold $80 million the value of the risk associated with a $2 billion the portfolio of asset-backed loans held by certain ultra-high net worth clients of the bank (the “Securitization Agreement”) related to loans that Credit Suisse had made to Russian oligarchs previously sanctioned by the United States; (5) the purpose of the securitization agreement was to offload the risks associated with these loans and to mitigate the impact on Credit Suisse of sanctions that may be implemented by Western countries in response to Russia invasion of Ukraine; (6) Credit Suisse’s request to non-participating investors to destroy documents related to the securitization transaction was intended to conceal the company’s failure to comply with US and international sanctions in its lending practices; (7) the foregoing, when disclosed, was likely to subject the Company to increased regulatory scrutiny and material damage to its reputation; and (8) therefore, the Company’s public statements were materially false and misleading at all material times. When the real details entered the market, the lawsuit claims investors suffered damages.

To join the Credit Suisse class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=5868 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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SOURCE Rosen Law Firm, Pennsylvania

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