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Credit Suisse AT1 Case

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Stylised legal collage of Credit Suisse AT1 filings and the 2023 bond wipeout litigation
Credit Suisse AT1 Case

Credit Suisse answers AT1 fraud suit — but offers investors little beyond denials

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?

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Credit Suisse AT1 bond write-off ruling
Credit Suisse AT1 Case

Switzerland’s AT1 Shock: Court Says Credit Suisse Bond Wipeout Was Unlawful

​The Swiss Federal Administrative Court has ruled that the forced write‑off of Credit Suisse’s Additional Tier 1 (AT1) bonds during the bank’s 2023 rescue lacked a legal basis and must be annulled—a decision that upends the official narrative of a crisis weekend and reopens fundamental questions about Switzerland’s emergency powers and investor protections. On 1 […]

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