No Compensation for Credit Suisse Shareholders, Swiss Court Rules

Has the Federal Council embellished the situation of Credit Suisse before its demise? Yes, two private prosecutors find that they wanted compensation. A second procedure for the CS will also end before the Federal Court.

The Federal Court has dismissed a state liability action, but the CS emergency merger will continue to employ the courts.

No compensation for Credit Suisse shareholders, Swiss court rules

A Swiss court has ruled that Credit Suisse shareholders will not be compensated for losses incurred during the bank’s forced sale to UBS in March 2023, reported RTS. The Federal Supreme Court dismissed a claim brought by two small investors who had purchased nearly CHF 85,000 ($100,000) worth of Credit Suisse shares just days before […]

Shortly before the end of Credit Suisse, retail investors bought shares again. After the emergency merger with UBS, there was a massive loss in value. Switzerland does not have to pay for the damage. That was decided by the Federal Court.

The Federal Court has dismissed a complaint against the Confederation filed by a couple who purchased 38,000 Credit Suisse shares between March 10 and 15, 2023. The shareholders had relied on the Federal Council's reassuring remarks a few days earlier.

The couple had bought 38'000 shares of the CS before the collapse, relying on the reassuring words of the Federal Council a few days earlier.