Pomerantz LLP is investigating claims on behalf of investors of Credit Suisse Group A.G. ("Credit Suisse" or the "Company") (NYSE: CS). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Credit Suisse and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On November 5, 2017, The Wall Street Journal reported that the U.S. Department of Justice and the Federal Bureau of Investigation are investigating Credit Suisse, along with other banks, "for their roles in selling about $2 billion of debt for Mozambique." The article stated, in part, that "[f]inancial regulators in the U.S., the U.K. and Switzerland began probes into potential securities-law violations by the banks last year, after The Wall Street Journal reported the existence of irregularities in the Mozambican transactions. The newer U.S. inquiries widen the scope of the probes to include potential corruption and raise the possibility of criminal prosecution."
On this news, Credit Suisse's American depositary receipt price fell as much as $0.24, or 1.48%, during intraday trading on November 6, 2017.