Compensation has been asked for Credit Suisse takeover

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.


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