Swiss investors’ association SASV plans to sue for compensation for former Credit Suisse shareholders following the bank’s emergency takeover by UBS.
The aim is to obtain a cash compensation payment corresponding to the value between the merger agreement and court-determined share price.
Credit Suisse stockholders received one UBS share for 22.48 shares, valuing the bank at 3 billion Swiss francs ($3.49 billion).
Credit Suisse’s Additional Tier 1 bondholders have filed hundreds of compensation claims, accusing previous executives of causing the bank’s demise.