NEW
YORK, May 5, 2023 /PRNewswire/ -- Jakubowitz Law
announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Credit Suisse Group AG
(NYSE: CS).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/credit-suisse-group-ag-loss-submission-form-3/?id=38868&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Credit Suisse between February 18,
2021 and March 20, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 8, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Credit Suisse Group AG issued
materially false and/or misleading statements and/or failed to
disclose that: (i) contrary to representations made in December 2022 by Credit Suisse's Chairman,
Axel P. Lehmann, the sharp increase
in customer outflows Credit Suisse began experiencing in
October 2022 remained ongoing; (ii)
accordingly, Credit Suisse had downplayed the impact of the
Company's recent series of quarterly losses and risk and compliance
failures on liquidity and its ability to retain client funds; (iii)
as a result, Credit Suisse had overstated the Company's financial
position and/or prospects; and (iv) as a result, the Company's
public statements were materially false and misleading at all
relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law