Softbank Tells U.S. Judge It Will Resist Credit Suisse Subpoena
- Swiss bank sent ‘pre-action’ letter to potential defendants
- Companies are trading blame over Greensill Capital collapse
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SoftBank Group Corp. told a judge it will resist Credit Suisse Group AG’s demand for information to lay the groundwork for a lawsuit the Zurich-based bank has said it plans to file in England stemming from the collapse of Greensill Capital.
The escalating dispute in federal court in California comes as Credit Suisse said it sent potential defendants in England a “pre-action” letter ahead of its filing of a complaint there.