financetom
Business
financetom
/
Business
/
UBS Must Face US Investor Lawsuits Over Credit Suisse Collapse, US Judge Rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UBS Must Face US Investor Lawsuits Over Credit Suisse Collapse, US Judge Rules
Jul 8, 2025 4:07 AM

06:37 AM EDT, 07/08/2025 (MT Newswires) -- UBS Group ( UBS ) , which agreed to buy Credit Suisse in March 2023, must face two US lawsuits from investors who claim Credit Suisse made false and misleading statements about its financial health before its collapse, a US judge determined on Monday.

The judge, Colleen McMahon, said Core Capital Partners can sue on behalf of US investors who bought Credit Suisse's AT1 bonds, which were ordered to be wiped out during UBS's rescue.

She also approved a separate class action case for US investors who bought Credit Suisse's American depositary shares and other bonds, rejecting attempts to dismiss it last September.

UBS has not responded to MT Newswires' request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sun Life Appointing Maya Beri as CIO
Sun Life Appointing Maya Beri as CIO
Oct 2, 2024
03:02 PM EDT, 10/01/2024 (MT Newswires) -- Sun Life U.S. on Tuesday named Maya Beri chief information officer (CIO). According to a statement, Beri brings decades of experience in technology and IT strategy to the Sun Life U.S. business, most recently serving as senior managing director, CIO, for SLC Management, a Sun Life company. Price: 78.30, Change: -0.15, Percent Change:...
Enterprise Products Partners Likely to See Higher Q3 Operating Margin; Investors to Focus on 2024 Guidance, UBS Says
Enterprise Products Partners Likely to See Higher Q3 Operating Margin; Investors to Focus on 2024 Guidance, UBS Says
Oct 2, 2024
03:01 PM EDT, 10/01/2024 (MT Newswires) -- Enterprise Products Partners ( EPD ) is expected to see a higher total operating margin in Q3 versus Q2, while investors are likely to focus on 2024 guidance, insights on Permian growth following the Pinon Midstream acquisition and progress on the Sea Port Oil Terminal project during the Q3 earnings call, UBS Securities...
J&J to invest over $2 billion for new manufacturing facility in North Carolina
J&J to invest over $2 billion for new manufacturing facility in North Carolina
Oct 2, 2024
Oct 1 (Reuters) - Johnson & Johnson ( JNJ ) said on Tuesday it will invest more than $2 billion to build a new manufacturing facility in Wilson, North Carolina, aiding production of new therapies. The new facility will expand J&J's production of biologic medicines to treat cancer, immunity-related and neurological diseases, the company said. The drugmaker aims to launch...
-- Sun Life Brief: Appointing Maya Beri as CIO
-- Sun Life Brief: Appointing Maya Beri as CIO
Oct 2, 2024
03:00 PM EDT, 10/01/2024 (MT Newswires) -- Price: 78.30, Change: -0.15, Percent Change: -0.19 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved