Photo: ALM Drew & Napier Class-Action Claimants Accept Omni Bridgeway Funding for $250M Claim Against Swiss Government
Of all the lawsuits against the write-down of $17 billion worth of AT1 bonds issued by Credit Suisse, Drew & Napier's class is the only one that is receiving litigation funding.
November 04, 2024 at 04:13 PM
3 minute read
Big Four Singapore firm Drew & Napier's class-action lawsuit against the Swiss Financial Market Supervisory Authority (FINMA) is now formally funded by third-party litigation funder Omni Bridgeway.
The class of 400 investors is challenging the write-down of $17 billion worth of Additional Tier-1 (AT1) bonds issued by Credit Suisse.
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