Media release July 20, 2023

Communiqué de presse du 20 juillet 2023

LegalPass extends the deadline for participating in the Credit US class action

Lausanne, 20 July 2023 – LegalPass, a Vaud-based legal start-up that launched the first class action for Credit Suisse shareholders on 15 June 2023, has announced that it is extending the deadline for participating in its Credit US class action to 10 August 2023.

This deadline, which was initially set for 20 July 2023, has been extended to meet the very high number of requests from participants and to give shareholders every chance of success. The legal action will be officially filed by 14 August 2023 by Maître Andreas Hauenstein of the Zurich law firm Baumgartner Mächler, who is in charge of preparing and filing the legal action with a competent court in Zurich.

“As it’s now the summer holidays, we are receiving many requests every day from clients asking us to extend the deadline to enable them to participate. Initially, we had set this deadline for 20 July because, on the one hand, we didn’t know whether we would have enough participants to launch the action and, on the other, we had to give Maître Hauenstein sufficient notice for him to be able to make the necessary arrangements. Since it’s now certain that the Credit US action will be launched, we have decided to meet general demand by extending the deadline for participating by a few days,” explained Philippe Grivat, co-founder of LegalPass.

“The extension will enable as many shareholders as possible to join the Credit US action while providing a financial cushion for the course of the legal proceedings, which could be lengthy and require additional resources. Our aim is clearly to give Credit Suisse shareholders every chance of winning”, emphasized Alexandre Osti, co-founder of LegalPass.

All shareholders are able to join the Credit US action via the platform until 10 August 2023, which is the latest deadline for participating.

Additional information
Philippe Grivat
LegalPass SA
Co-founder – Attorney-at-law

Alexandre Osti
LegalPass SA
Co-founder – Attorney-at-law

About LegalPass SA
Established in 2022 by two attorneys-at-law, Philippe Grivat and Alexandre Osti, LegalPass is a Swiss start-up whose mission is to make the law affordable for everyone. LegalPass usually focuses on the areas of law that particularly affect the general public.

For the time being, it deals in particular with debt collection and road-traffic law, but its aim in the future is to cover all the most common areas of law.

With its virtual assistant, LegalPass assists SMEs and private individuals with solving their legal problems by helping them to create their legal documents or find a suitable lawyer at a reduced fee. With the Credit US legal action, LegalPass intends to make the law affordable by enabling thousands of small Credit Suisse shareholders to collectively make their voice heard at an affordable cost.

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