City Of London
Credit Suisse Files Long-Awaited UK $440 Million Softbank Suit
- Swiss lender sued Softbank in UK over Katerra restructuring
- Softbank says Credit Suisse is attempting to “shift blame”
Credit Suisse
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
Credit Suisse Group AG formally filed its long-awaited $440 million lawsuit against SoftBank Group Corp. stemming from the spectacular collapse of finance firm Greensill Capital.
The Swiss lender sued SoftBank in London earlier this month, saying it planned to focus on “maximizing recovery” for investors in its supply chain finance funds. The suit marks the first legal move since the bank was rescued by Swiss rival UBS Group AG.