Credit Suisse, Ulrich Körner and Axel Lehmann have filed their formal answer to the AT1 fraud complaint brought by Palomino, Azteca and Appaloosa. The defence denies wrongdoing, leans on standing, reliance and causation arguments, and says the challenged statements speak for themselves. For investors, the issue remains stark: what did the bank know before its March 2023 rescue?
Credit Suisse, Ulrich Körner and Axel Lehmann have filed their formal answer to the AT1 fraud complaint brought by Palomino, Azteca and Appaloosa. The defence denies wrongdoing, leans on standing, reliance and causation arguments, and says the challenged statements speak for themselves. For investors, the issue remains stark: what did the bank know before its March 2023 rescue?
Credit Suisse, Ulrich Körner and Axel Lehmann have filed their formal answer to the AT1 fraud complaint brought by Palomino, Azteca and Appaloosa. The defence denies wrongdoing, leans on standing, reliance and causation arguments, and says the challenged statements speak for themselves. For investors, the issue remains stark: what did the bank know before its March 2023 rescue?
