SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Credit Suisse Group A.G. (CS)

NEW YORK, Feb. 6, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Credit Suisse Group A.G. ("Credit Suisse" or the "Company") (NYSE: CS). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cs2.

The investigation concerns whether Credit Suisse and certain of its officers and/or directors have violated Sections federal securities laws.

On February 5, 2018, the intraday value of Credit Suisse's VelocityShares Daily Inverse Short Term Exchange-Traded Note ("XIV") fell to 20% of the previous day's closing value.  On the morning of February 6, 2018, citing an "acceleration event", Credit Suisse advised investors that the acceleration date of the XIV note—i.e., the date on which investors will receive a cash payment equal to the closing value that day—is expected to be February 21, 2018, thereby effectively announcing the product's liquidation.  The online publication ForexLive noted that "[n]umbers published [September] 30 showed Credit Suisse holding nearly 5 million of the [XIV] shares itself.  Those would have been worth $550 million at the open and about $20 million now—a net loss of $530 million for the Swiss bank."  Credit Suisse's American Depositary Receipt price has fallen sharply during intraday trading on February 6, 2018.

If you are aware of any facts relating to this investigation, or purchased shares of Credit Suisse, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/cs2. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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