Credit Suisse Sued in Japan Over Sale of Greensill-Linked Bonds
- Plaintiffs seek $49 million compensation in Tokyo lawsuit
- Suit underscores ripple impact from the 2021 scandal
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Credit Suisse was sued in Japan over bonds linked to a fund that the bank ran with now-bankrupt Greensill Capital, underscoring the legal challenges that remain for the lender and its new owner UBS Group AG.
Yamazaki Marunouchi Law Office filed a suit against Credit Suisse Securities (Japan) Ltd. on Friday with the Tokyo District Court, on behalf of a Japanese company and its founder seeking about 7 billion yen ($49 million) in compensation.