Credit Suisse sued by US shareholders over finances, controls
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(Reuters) — Credit Suisse Group AG was sued on Thursday by shareholders in the United States who accused the Swiss bank of concealing problems with its finances.
The lawsuit in the federal court in Camden, New Jersey said Credit Suisse made false or misleading statements or failed to disclose that it suffered from “significant” outflows in its fourth quarter, and material weaknesses in its internal controls.
