Credit score Suisse bondholders sue Switzerland in the U.S. around $17 billion writedown of AT1 debt

Credit score Suisse bondholders sue Switzerland in the U.S. around billion writedown of AT1 debt

Critical Points

A group of Credit Suisse bondholders filed a lawsuit in opposition to the Swiss government, seeking complete payment more than the contentious determination to generate down the unsuccessful bank’s More Tier 1 (AT1) personal debt.
Law firm Quinn Emanuel Urquhart & Sullivan, which signifies the plaintiffs, on Thursday explained that it had filed a lawsuit in the U.S. District Courtroom for the Southern District of New York.
A spokesperson for the Swiss Finance Ministry declined to comment.

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