The Complaint alleges that, throughout the Class Period, Credit Suisse and certain of its officers (“Defendants”) made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and risk controls. Birmingham seeks relief under the Securities Exchange Act of 1934, 15 U.S.C. The investor class action lawsuit was brought by the City of Birmingham Firemen’s and Policemen’s Supplemental Pension System (“Birmingham”) on behalf of all persons or entities that purchased or otherwise acquired Credit Suisse’s American Depositary Receipts (“ADRs”) on the New York Stock Exchange (“NYSE”) between March 20, 2015, and Febru(the “Class Period”). Both lawsuits come at a time when the Bank has been in the news for legal challenges and inquiries linked to it or former employees. (“Wells Fargo”) after their private banking unit was closed in 2015. Recently, Credit Suisse (the “Bank”), the multinational financial services holding company based in Switzerland, was hit with two class action lawsuits, one from investors over the Bank’s writedown of more than $1 billion and the other from U.S.-based brokers who refused or were unable to move to Wells Fargo & Co. Anti-Retaliation Under The SEC And CFTC Whistleblower ProgramsĬredit Suisse Hit with Two Class Action Lawsuits Print Article.The Confidentiality Protections Under The SEC/CFTC Whistleblower Program.The Whistleblower’s Information Must Lead To a Successful Enforcement Action.The Whistleblower Must Voluntarily Provide Original Information.The Process of Submitting A Whistleblower Claim.Eligibility Under The IRS Whistleblower Program.The Anti-Retaliation Provisions Of The False Claims Act.What to Expect When Blowing The Whistle.

Credit suisse writedown