The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023.
REUTERS/Tyrone SiuAug 13 (Reuters) - Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging the buyout, the Financial Times reported on Sunday.
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 newspaper said.
Reporting by Gokul Pisharody in Bengaluru; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons:
Tyrone Siu, Gokul, William Mallard
Organizations:
Credit Suisse, REUTERS, UBS, Financial Times, Swiss Investor Protection Association, Thomson
Locations:
Hong Kong, China, Bengaluru