{"id":739432,"date":"2023-03-13T08:07:53","date_gmt":"2023-03-13T12:07:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\/"},"modified":"2023-03-13T08:07:53","modified_gmt":"2023-03-13T12:07:53","slug":"berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\/","title":{"rendered":"Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF)"},"content":{"rendered":"

<\/p>\n

Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF)<\/b><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–
\nBerman Tabacco, a national law firm representing investors, is investigating potential securities law violations by Credit Suisse Group AG (\u201cCredit Suisse\u201d or the \u201cCompany\u201d) (NYSE: CS). On March 8, 2023, a securities class action lawsuit was filed in the U.S. District Court for the District of New Jersey on behalf of \u201call persons and entities other than Defendants that purchased or otherwise acquired Credit Suisse securities between December 1, 2022 and February 17, 2023, both dates inclusive (the \u2018Class Period\u2019).\u201d\n<\/p>\n

How to Seek Appointment as Lead Plaintiff<\/b><\/p>\n

\nIf you wish to serve as Lead Plaintiff for the Class, you must file a motion to serve as Lead Plaintiff with the Court no later than May 8, 2023<\/span><\/b>. Any member of the proposed Class may move the Court to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as Lead Plaintiff.\n<\/p>\n

\nIf you sustained significant losses from your transactions in Credit Suisse securities during the Class Period, greater than $50,000, and are interested in learning more about serving as Lead Plaintiff, please provide your information here: Shareholder Contact | Berman Tabacco<\/a>.\n<\/p>\n

About the Lawsuit<\/b><\/p>\n

\nAccording to the lawsuit, \u201c[i]n October 2022, Credit Suisse began experiencing a sharp increase in customer outflows, or withdrawals of client funds, after a series of quarterly losses and risk and compliance failures significantly decreased the Company\u2019s American Depositary Share (\u2018ADS\u2019) price.\u201d\n<\/p>\n

\nThe complaint further alleges that \u201c[o]n December 1, 2022, Credit Suisse\u2019s Chairman, Defendant Axel P. Lehmann (\u2018Lehmann\u2019) stated in an interview with Financial Times<\/i> that customer outflows had not only \u2018completely flattened out,\u2019 but had, in fact, \u2018partially reversed.\u2019\u201d\n<\/p>\n

\nThe complaint further alleges that \u201c[o]n February 9, 2023, Credit Suisse issued a press release announcing its 2022 financial results. The press release revealed that, contrary to Defendant Lehmann\u2019s prior statements, large customer outflows had continued through year-end 2022,\u201d and then, \u201con February 21, 2023, Reuters<\/i> reported that the Swiss Financial Market Supervisory Authority (\u2018FINMA\u2019), was reviewing Defendant Lehmann\u2019s previous comments regarding customer outflows.\u201d\n<\/p>\n

\nThe complaint further alleges that \u201c[a]s a result of Defendants\u2019 wrongful acts and omissions, and the precipitous decline in the market value of the Company\u2019s securities, Plaintiff and other Class members have suffered significant losses and damages.\u201d\n<\/p>\n

No Responsibility for Attorney\u2019s Fees or Expenses<\/b><\/p>\n

\nBerman Tabacco typically represents individuals and entities in class actions on a contingency fee basis, meaning we advance all attorneys\u2019 fees and expenses in the litigation. If the case is successful, the firm will ask the court to award the firm attorneys\u2019 fees and the reimbursement of expenses from any settlement fund. If we are not successful, you will not be responsible for the reimbursement of attorneys\u2019 fees or expenses.\n<\/p>\n

About Berman Tabacco<\/b><\/p>\n

\nBerman Tabacco is one of the country\u2019s highly ranked class action law firms representing institutions and individuals in lawsuits, seeking to recoup losses caused by corporate and board misconduct and violations of the securities and antitrust laws. Since 1982, our firm has prosecuted hundreds of securities and antitrust complex cases. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Chambers USA, Benchmark Litigation<\/i>, which has ranked the firm as Highly Recommended<\/i> and a Top Ten Plaintiffs, The Legal 500, U.S. News & World Report-Best Lawyers, The Daily Journal, Lawdragon, Who\u2019s Who Legal<\/i>, and Super Lawyers<\/i>.\n<\/p>\n

\nThe firm has offices in Boston, Massachusetts and San Francisco, California.\n<\/p>\n

This notice may constitute attorney advertising.<\/b><\/p>\n

Past results do not guarantee future outcomes.<\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230313005128\/en\/<\/a><\/span><\/p>\n

\nBerman Tabacco
\n
Jay Eng, Esq.
\n
One Liberty Square
\n
Boston, Massachusetts
\n
(800) 516-9926
\n
Email: law@bermantabacco.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts New Jersey<\/p>\n

INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF) BOSTON–(BUSINESS WIRE)– Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by Credit Suisse Group AG (\u201cCredit Suisse\u201d or the \u201cCompany\u201d) (NYSE: CS). On March 8, 2023, a securities class action lawsuit was filed in the U.S. District Court for the District of New Jersey on behalf of \u201call persons and entities other than Defendants that purchased or otherwise acquired Credit Suisse securities between December 1, 2022 and February 17, 2023, both dates inclusive (the \u2018Class Period\u2019).\u201d How to Seek Appointment as Lead Plaintiff If you wish to serve as Lead Plaintiff for the Class, you must … <\/p>\n

Continue reading “Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF)”<\/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-739432","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBerman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF) - 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\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF) BOSTON–(BUSINESS WIRE)– Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by Credit Suisse Group AG (\u201cCredit Suisse\u201d or the \u201cCompany\u201d) (NYSE: CS). On March 8, 2023, a securities class action lawsuit was filed in the U.S. District Court for the District of New Jersey on behalf of \u201call persons and entities other than Defendants that purchased or otherwise acquired Credit Suisse securities between December 1, 2022 and February 17, 2023, both dates inclusive (the \u2018Class Period\u2019).\u201d How to Seek Appointment as Lead Plaintiff If you wish to serve as Lead Plaintiff for the Class, you must … Continue reading "Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF)"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-13T12:07:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230313005128r1&sid=flmnd&distro=nx&lang=en\" \/>\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=\"3 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\\\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF)\",\"datePublished\":\"2023-03-13T12:07:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\\\/\"},\"wordCount\":681,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230313005128r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/berman-tabacco-announces-lead-plaintiff-deadline-in-securities-class-action-lawsuit-against-credit-suisse-group-ag-cs-csgkf\\\/\",\"name\":\"Berman Tabacco Announces Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Credit Suisse Group AG (CS, CSGKF) - 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