11:15
+12 C°
Traffic jam:   6
$
63.7799
65.7939

Peiffer Wolf and Daren A. Luma File Class Action Lawsuit Against Credit Suisse AG

22 January 2022
1692
3 min.
8
Peiffer Wolf and Daren A. Luma File Class Action Lawsuit Against Credit Suisse AG

On January 6, 2022, Peiffer Wolf Carr Kane & Conway, LLP (“Peiffer Wolf”) and Daren A. Luma, PLLC filed a class action lawsuit against Credit Suisse AG (“Credit Suisse”) alleging violations of the Securities Exchange Act of 1934 and 17 CFR § 240.10b-5 promulgated thereunder. The case was filed in the United States District Court for the Southern District of New York and is captioned Gomez vs. Credit Suisse AG, No. 1:22-cv-00115-JPC-DCM. The lawsuit seeks to represent all persons who initiated a short position in DGAZ or DGAZF prior to August 3, 2020, and thereafter purchased DGAZF on the over-the-counter market to cover that position, in whole or in part.

The complaint alleges that Credit Suisse made untrue statements of material fact and/or omitted material facts necessary to make the statements not misleading; and engaged in acts, practices, and a course of business that operated as a fraud and deceit upon the holders of short positions in DGAZ/DGAZF notes. Specifically, it is alleged that Credit Suisse approved and disseminated a materially false and misleading Press Release announcing that DGAZ was being delisted and that Credit Suisse would cease issuance of additional notes without disclosing that market conditions were such that a short squeeze was imminent, and that the price of DGAZ would become completely dislocated from the underlying Index value. The complaint further alleges that because of Credit Suisse’s actions, short holders subsequently paid artificially inflated prices on the OTC Pink market to cover outstanding short positions.

A copy of the complaint is available from the Court; from attorney Daren A. Luma (dluma@lumalegal.com), or from Peiffer Wolf attorneys Joe Peiffer (jpeiffer@peifferwolf.com), Jason Kane (jkane@peifferwolf.com), Dan Centner (dcentner@peifferwolf.com) and/or Grace Hancock (ghancock@peifferwolf.com).

Not later than 60 days after the date on which this notice is published, any member of the purported class may move the Court to serve as lead plaintiff of the purported class. Your ability to share in any recovery doesn’t require that the Court appoint you as lead plaintiff.

The Law firms Peiffer Wolf and Daren A. Luma, PLLC concentrate on representing investors in securities, consumer class actions, and individual cases around the country. Please visit https://www.peifferwolf.com and https://www.lumalegal.com for more information.

Responsible Attorneys, Daren Luma and Dan Centner
Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contacts

Joe Peiffer (jpeiffer@peifferwolf.com)
Dan Centner (dcentner@peifferwolf.com)
Grace Hancock (ghancock@peifferwolf.com)
Peiffer Wolf Carr Kane & Conway LLP
1519 Robert C. Blakes Sr Dr., 1st Floor
New Orleans, LA 70130

Jason Kane (jkane@peifferwolf.com)
95 Allens Creek Bldg. 1, Suite 150
Rochester, NY 14619

Daren A. Luma, PLLC (dluma@lumalegal.com)
75 South Broadway, Suite 400
White Plains, NY 10601

Persons5 and Companies3 in the news

Partner of Peiffer Wolf Carr Kane & Conway
1 place
Associate of Peiffer Wolf Carr Kane & Conway
2 place
Partner of Peiffer Wolf Carr Kane & Conway
3 place
Managing Partner of Peiffer Wolf Carr Kane & Conway
4 place
Lawyer and founder of Daren A. Luma, PLLC
5 place
Credit Suisse
3 place

Discussion

NEW YORK PRESS RELEASES


GlobalNY.biz Press Releases are the latest news from New York companies.
Official press releases of New York companies are regularly published on the resource. You can find out the latest news of enterprises in the corresponding section on the main page. Placing press releases is a traditional and effective way to promote your business. It allows organizations to announce themselves and their products and services to the widest possible audience. In this case, the informational occasion can be anything: attracting people to an event or conference, highlighting new products or personnel appointments. If you set a goal to draw attention to your information, then GlobalNY.biz will become your reliable assistant in this matter. Thanks to the portal, your press release will be seen by reviewers of leading Internet publications, clients and partners.
GlobalNY.biz allows representatives of companies and organizations in New York to independently post a press release when registering on the resource. The most important feature of GlobalNY.biz is that all publications of New York companies fall into the archives and will be available from the search for a long time. You just need to add the press release to the news feed.
GlobalNY.biz offers its customers a subscription service that allows companies to regularly publish press releases on favorable terms. In addition, the business portal makes it possible to more fully tell about the life of the company by adding photos and videos, personas and employee quotes. All information materials have active links and will lead potential customers to your resource.
Alena Potapova

Development Director
Population
7950559453
Died this year
22043475
Born this year
54230850