Battle to represent Credit Suisse AT1 bondholders against Finma is on; Withers is latest firm in the fray

CLOSE to 100 investors based in Singapore and countries in the region have agreed to join a class action led by a team of lawyers from Withers, over the write-down of Additional Tier-1 (AT1) bonds issued by Credit Suisse.

More are expected to join in the coming days, the firm said on Friday (May 5).

These investors, comprising a mix of accredited investors and high-net-worth individuals, represent an aggregated claim sum of up to S$100 million.