US Edition[Opinion] Credit Suisse's Small Investors Win a Round Against UBS
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The Zurich Commercial Court ordered an independent assessment of Credit Suisse's value, following an application by the former small shareholders of the company. UBS considers that this measure is superfluousThe lengthy legal proceedings between the former holders of securities of Credit Suisse and UBS are progressing a little. The Zurich Commercial Court has just ordered an independent assessment of the value of the former number two Swiss bank…
During Credit Suisse's not-for-profit merger with UBS, the company's value was set at zero. Now, a new report is due to be issued. This increases the risk for UBS.
The Zurich Commercial Court orders an independent expert opinion on the value of Credit Suisse in the acquisition by UBS.
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