A group of Credit Suisse bondholders have filed a lawsuit against Switzerland in a Manhattan federal court. The bondholders, who hold $82 million worth of Additional Tier 1 (AT1) debt, allege that the Swiss government prioritized national interests over legal obligations when their bonds were voided during UBS's rescue of Credit Suisse last year. The lawsuit, filed in a New York court, seeks compensation for the bondholders whose investments were wiped out in the government-brokered deal, according to US court filings.
A group of Credit Suisse bondholders holding $82 million worth of the failed bank's Additional Tier 1 (AT1) debt have filed a lawsuit against Switzerland seeking compensation, US court filings showed https://t.co/7AV9nfUEnT https://t.co/TKGGLlDWIc
Credit Suisse AT1 bondholders sue Switzerland in New York https://t.co/UZ0BvUvmQR https://t.co/7RFMUrFjXv
🔵 CREDIT SUISSE AT1 BONDHOLDERS SUE SWITZERLAND IN NEW YORK Full Story → https://t.co/AkwJc9TUnR A group of Credit Suisse bondholders holding $82 million worth of the failed bank's Additional Tier 1 (AT1) debt have filed a lawsuit against Switzerland seeking compensation,… https://t.co/6bOcCHobZw
Credit Suisse investors sue Switzerland in New York court https://t.co/5S7HNZ3yzR
A group of investors in Credit Suisse bonds that got wiped out when UBS rescued the bank in a Swiss government-brokered deal are suing the European country in a US court. https://t.co/Dsrm4W5lM9
Credit Suisse bondholders sued Switzerland in a Manhattan federal court on Thursday, alleging the country put national interests above the law when their bonds were voided in the bank’s rescue last year https://t.co/mmDlgBcx7l