Credit Suisse faces legal setbacks in high-profile cases.

1 min read
Source: AOL
Credit Suisse faces legal setbacks in high-profile cases.
Photo: AOL
TL;DR Summary

Credit Suisse's appeal against a Bermuda court ruling involving its local life insurance arm and Georgia's former Prime Minister Bidzina Ivanishvili has been largely dismissed. The court had ruled in March that Ivanishvili and his family were due damages of over $600m as a result of a long-running fraud committed by a former Credit Suisse adviser. Credit Suisse intends to appeal the ruling to the privy council.

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