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Credit Suisse files $440 million legal claims against SoftBank

Posted On: Apr. 20, 2023 10:09 AM CST

Swiss investment bank Credit Suisse Group AG formally filed a $440 million legal action against Japan’s SoftBank Group Corp. in London’s High Court earlier in April, as it looks to recoup funds that were locked in Greensill Capital Pty Ltd. when it collapsed back in 2021, City A.M. reported. Credit Suisse is seeking to claim back funds that Greensill had lent to Katerra Inc., a SoftBank-backed U.S. construction group that filed for bankruptcy in 2021.