{"id":470204,"date":"2021-04-01T16:53:57","date_gmt":"2021-04-01T20:53:57","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470204"},"modified":"2021-04-01T16:53:57","modified_gmt":"2021-04-01T20:53:57","slug":"credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/","title":{"rendered":"Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, April  01, 2021  (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OcgU8IsL2GoZjXAxLkLcgfjYpWlCLVm9T3xavsooRtuA6J_tDRy66QtIdEDw5aYI-TgGauddld31zCjTe4xN-A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>) is investigating claims on behalf of investors of Credit Suisse Group AG (\u201cCredit Suisse\u201d or the \u201cCompany\u201d), including purchasers of Credit Suisse American Depositary Shares (\u201cADSs\u201d) (NYSE: CS).<\/p>\n<p align=\"justify\">On March 29, 2021, before the U.S. markets opened, Credit Suisse disclosed in an SEC filing that \u201c[a] significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks\u201d and that the resulting loss \u201ccould be highly significant and material to [the Company\u2019s] first quarter results. . . .\u201d<\/p>\n<p align=\"justify\">Additionally, on March 29, 2021, <em>The Wall Street Journal <\/em>published an article entitled \u201cArchegos Blowout Heaps Pressure on Credit Suisse\u201d reporting that Credit Suisse shareholders \u201care bracing for a multibillion-dollar hit from a fire sale of positions held by hedge fund Archegos. . . .\u201d <em>The Wall Street Journal <\/em>article also states that at least one analyst put Credit Suisse\u2019s Archegos losses at about $3.2 billion on top of another $531 million in losses from the collapse of Greensill, \u201ca financial startup\u201d that \u201cused Credit Suisse\u2019s asset management arm as a form of off-balance-sheet financing.\u201d Further, the article states that \u201c[t]he mishaps are triggering soul searching . . . about [Credit Suisse\u2019s] controls and sight line into risks. . . .\u201d<\/p>\n<p align=\"justify\">On March 29, 2021, Credit Suisse\u2019s ADSs fell $1.48 per share, or 11.5%, to close at $11.39 per ADS.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired Credit Suisse securities and would like to discuss our investigation, please contact us by emailing <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ICLKQciugzOnD5-iJ5v4FNEeqKv23Dsqo3QLgFAqCgpf4CtxvFLidCv-1scArKZhQrUn25gZ77whKTZWyYOYHk4BDvVNTl2h3DrXcAXx78E=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>pmayer@kaplanfox.com<\/u><\/a> or by calling (646) 315-9003.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">Kaplan Fox &amp; Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox &amp; Kilsheimer LLP, you may visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OcgU8IsL2GoZjXAxLkLcgZJ59A-4QpHsP4mF4riO-yy6G_1F1h_CtZF33_96f1wltbHOxKEtVism2R-tZ8WN9Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>. If you have any questions about this investigation, your rights, or your interests, please contact:<\/p>\n<p align=\"justify\">Jeffrey P. Campisi <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 850 Third Avenue, 14th Floor <br \/> New York, New York\u00a010022 <br \/> (212) 329-8571 <br \/> E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YuT0szJ19h--zFCZBhav5gckpcKpt4hF6isLkOhzzwNEo2P6R0xdVc381Tf8GBAiu_-T_69QMad8cSyN8gw8czzcoVa3NSSnH9hFir2SOps=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>jcampisi@kaplanfox.com<\/u><\/a><\/p>\n<p align=\"start\">Laurence D. King <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 1999 Harrison Street, Suite 1560 <br \/> Oakland, California 94612 <br \/> (415) 772-4704 <br \/> Fax: (415) 772-4707 <br \/> E-mail: <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NkNDD370Iz37GSGIHoy35I6KL3kPBWctNHk89yIiTp-E5mWqclxY9JUh_QHeXOirQhd9GiDTAlZbYISTPWn0wC3EGjwWAWOnwUxaRBjilHs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">lking@kaplanfox.com<\/a><\/u><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDU1NCM0MTAzMjM5IzIwMjA4OTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/017527a1-8abd-4950-9d46-b5ca438ce6d3\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Credit Suisse Group AG (\u201cCredit Suisse\u201d or the \u201cCompany\u201d), including purchasers of Credit Suisse American Depositary Shares (\u201cADSs\u201d) (NYSE: CS). On March 29, 2021, before the U.S. markets opened, Credit Suisse disclosed in an SEC filing that \u201c[a] significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks\u201d and that the resulting loss \u201ccould be highly significant and material to [the Company\u2019s] first quarter results. . . .\u201d Additionally, on March 29, 2021, The Wall Street Journal published an article entitled \u201cArchegos Blowout Heaps Pressure on Credit Suisse\u201d reporting that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470204","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Credit Suisse Group AG (\u201cCredit Suisse\u201d or the \u201cCompany\u201d), including purchasers of Credit Suisse American Depositary Shares (\u201cADSs\u201d) (NYSE: CS). On March 29, 2021, before the U.S. markets opened, Credit Suisse disclosed in an SEC filing that \u201c[a] significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks\u201d and that the resulting loss \u201ccould be highly significant and material to [the Company\u2019s] first quarter results. . . .\u201d Additionally, on March 29, 2021, The Wall Street Journal published an article entitled \u201cArchegos Blowout Heaps Pressure on Credit Suisse\u201d reporting that &hellip; Continue reading &quot;Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T20:53:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDU1NCM0MTAzMjM5IzIwMjA4OTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG\",\"datePublished\":\"2021-04-01T20:53:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\\\/\"},\"wordCount\":385,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMDU1NCM0MTAzMjM5IzIwMjA4OTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\\\/\",\"name\":\"Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/","og_locale":"en_US","og_type":"article","og_title":"Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG - Market Newsdesk","og_description":"NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Credit Suisse Group AG (\u201cCredit Suisse\u201d or the \u201cCompany\u201d), including purchasers of Credit Suisse American Depositary Shares (\u201cADSs\u201d) (NYSE: CS). On March 29, 2021, before the U.S. markets opened, Credit Suisse disclosed in an SEC filing that \u201c[a] significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks\u201d and that the resulting loss \u201ccould be highly significant and material to [the Company\u2019s] first quarter results. . . .\u201d Additionally, on March 29, 2021, The Wall Street Journal published an article entitled \u201cArchegos Blowout Heaps Pressure on Credit Suisse\u201d reporting that &hellip; Continue reading \"Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T20:53:57+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDU1NCM0MTAzMjM5IzIwMjA4OTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG","datePublished":"2021-04-01T20:53:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/"},"wordCount":385,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDU1NCM0MTAzMjM5IzIwMjA4OTE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-suisse-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-credit-suisse-group-ag\/","name":"Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Credit Suisse Group AG - 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