Chahal v. Credit Suisse Group AG et al

  1. March 04, 2024

    Credit Suisse Can't Undo Class Cert. In XIV Notes Crash Suit

    A New York federal judge has refused to revisit her order certifying one of three proposed investor classes in litigation accusing Credit Suisse of tricking investors into buying a series of short-term notes inversely tied to stock market volatility in 2018, rejecting objections from both sides.

  2. March 17, 2023

    Credit Suisse Must Face One Investor Class In XIV Crash Suit

    A New York federal judge certified one of three proposed investor classes in a suit alleging Credit Suisse tricked investors into buying a series of short-term notes inversely tied to stock market volatility in 2018, finding two of the proposed classes can't be certified because they conflict with one another.

  3. October 17, 2022

    Credit Suisse Wants Investors' XIV Crash Class Push Denied

    Credit Suisse has asked a New York federal judge to deny certification to a class of investors who claim they were tricked into buying a series of volatile short-term notes, arguing that the three classes proposed by the investors are "plagued by fundamental failures and contradictions."

  4. September 25, 2019

    Credit Suisse Defeats Investor Suit Over Inverse VIX Crash

    A New York federal judge ruled Wednesday that Credit Suisse expressly warned investors that buying short-term notes that were inversely tied to stock market volatility was risky before the price of those notes crashed last year.

  5. August 28, 2018

    Objector Loses Lead Plaintiff Challenge In Credit Suisse Suit

    A New York federal judge on Monday overruled Y-GAR Capital LLC's objections to a magistrate judge's lead plaintiff appointment in a consolidated securities action facing Credit Suisse Group AG, finding that the magistrate judge did not err in denying Y-GAR Capital's competing lead plaintiff bid.

  6. August 01, 2018

    JPML Won't Centralize Credit Suisse Inverse VIX Suits In NY

    The Judicial Panel on Multidistrict Litigation on Wednesday denied a bid from Credit Suisse to centralize four putative class actions the bank is facing from investors in its short-term notes inversely related to the stock market's volatility index, saying there aren't enough involved parties or lawsuits to warrant centralization.

  7. June 22, 2018

    Cohen Milstein, Levi & Korsinsky To Lead Credit Suisse Suit

    A New York federal judge on Thursday appointed Cohen Milstein Sellers & Toll PLLC and Levi & Korsinsky LLP to lead a putative class of Credit Suisse investors alleging the bank misrepresented the value of certain short-term notes during a critical time of steep price drops and substantial investor losses.

  8. March 16, 2018

    Credit Suisse Investors Sue Over Inverse VIX Price Drop

    Two investors in Credit Suisse's short-term notes inversely related to the stock market's volatility index have filed putative class actions in New York federal court alleging the bank misrepresented the value of the notes during a critical time of steep price drops and substantial investor losses.

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