News

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...

LegalPass reaches the funding threshold to launch its legal action on behalf of Credit Suisse shareholders Lausanne, 6 July 2023 – Following LegalPass’s launch of the first Swiss class action on behalf of Credit Suisse shareholders on 15 June 2023, the legal start-up has announced today that it has reached the funding threshold for its Credit US action. Reaching this significant milestone will enable the legal action to be prepared and filed; it will be conducted by Maître Andreas Hauenstein of the Zurich law firm Baumgartner Mächler. The objective of enabling Credit Suisse shareholders to join forces in a legal...

The Ethos Foundation joins LegalPass’s class action on behalf of Credit Suisse shareholders Lausanne, 4 July 2023 – LegalPass, the Lausanne-based legal start-up that launched Switzerland’s first class action for Credit Suisse shareholders on 15 June 2023, has announced that the Ethos Foundation has decided to support it in its legal action to challenge the exchange ratio set as part of the takeover of Credit Suisse by UBS. Since this takeover was announced on 19 March, the Ethos Foundation has objected to the way in which the shareholders have been treated, and in particular to the fact that they were...

LegalPass launches Credit US: the first Swiss class action for Credit Suisse shareholdersLausanne, 15 June 2023 – LegalPass, a Swiss legal start-up that makes access to the law affordable for everyone, is announcing today the launch of the first class action for Credit Suisse shareholders. The Swiss Mergers Act (Art. 105 LFus) provides for a legal action for a “verification of the exchange ratio” that allows shareholders to claim “adequate compensation” for their shares.  Thanks to the specific procedural features of this action, LegalPass is able to organize a “form of class action” to group together the claims of Credit...