Creditors seek over $200 million from IAG over Greensill’s collapse

Credit Suisse Group AG has sued Insurance Australia Group Ltd. over the collapse of supply chain financing firm Greensill Capital Pty Ltd. and is seeking $300 million Australian ($219 million) in compensation, Reuters reported citing the Australian Financial Review. With this, Credit Suisse joins the legal dispute launched by other Greensill creditors, including White Oak Global Advisors LLC and GFG Alliance, to seek recompense for Greensill's insolvency from insurer IAG.