With the end of the emergency law, the federal government and UBS want to return to business as usual after the Credit Suisse takeover. But it s precisely this request that is causing friction as the takeover is coming under fire.
By Pierre Bertrand Credit Suisse shareholders launched a lawsuit in Switzerland on Monday seeking a judicial review of the terms with which UBS Group bought.
Today a second lawsuit was filed by Credit Suisse shareholders. The plaintiffs are defending themselves against the low price paid by UBS for the takeover.
The Swiss Investor Protection Association plans to file the claim in Zurich's commercial court on Monday on behalf of about 500 Credit Suisse equity investors, the Financial Times reported