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Credit Suisse fails in bid to dismiss suit by S'pore wealth client

Published Tue, Sep 2, 2014 · 10:00 PM
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[SINGAPORE] Credit Suisse Group AG has lost a bid to dismiss a lawsuit by a former private wealth client who is accusing the bank's Singapore unit of failing to explain the risks of a complex investment product.

Former stockbroker Koh Kim Teck sued the unit for US$26 million, claiming that it gave him too little time to raise collateral in October 2008 after he suffered losses from "knock-out discount acc…

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