Swiss Court Dismisses Former CS Shareholder's CHF 140,000 Claim
A former Credit Suisse (CS) shareholder has seen his claim for damages dismissed by the Swiss Federal Supreme Court. The man, whose name has not been disclosed, sought around CHF 140,000 from the Swiss Confederation following the takeover of CS by UBS in 2023.
The shareholder had invested nearly CHF 150,000 in CS shares between 2014 and 2022. After the merger with UBS, he received shares worth approximately CHF 9,000. Despite his investment, the man believed he was entitled to more compensation and filed a claim.
The court, however, ruled against him, stating that the terms of the takeover were fair and in line with market conditions. The shareholder's claim was thus rejected.
The unnamed former CS shareholder's damages claim has been dismissed by the Swiss Federal Supreme Court. The man received UBS shares worth around CHF 9,000 after the merger, but the court ruled that the takeover terms were fair, upholding the Swiss Confederation's position.
