Overview
Boies Schiller Flexner (UK) LLP (
BSF ) is building a group of investors across Europe and Asia who invested in Credit Suisse s US$10bn Supply Chain Finance Funds (
SCFFs ). It is intended that the group will pursue Credit Suisse, including through litigation if necessary, to recover losses suffered with respect to the investments made in or with Greensill Capital.
The firm takes the view that investors have credible claims against Credit Suisse for misrepresentation and mis-selling, which should be brought in a co-ordinated manner across jurisdictions. Investors should contact [email protected] for further details.
Background
Credit Suisse entities pro-actively marketed and sold investments in the SCFFs as cash-equivalent and low risk investments. In fact, the SCFF assets were notes backed by existing and future trade receivables originated and structured by Greensill Capital.