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Suit filed against Switzerland by Credit Suisse AT1 bondholders
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Suit filed against Switzerland by Credit Suisse AT1 bondholders
Jun 6, 2024 9:45 AM

ZURICH, June 6 (Reuters) - Law firm Quinn Emanuel

Urquhart & Sullivan said on Thursday it had filed a lawsuit

against Switzerland in the U.S. District Court for the Southern

District of New York on behalf of a group of Credit Suisse

Additional Tier 1 (AT1) bondholders.

AT1 bonds, which act as a shock absorber if a bank's capital

levels fall below a certain threshold, have been encouraged by

regulators since the 2008-09 global financial crisis.

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