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Investor Lawsuits

All articles tagged with #investor lawsuits

business4 months ago•15 min saved

Billionaire Developer Disowns Son Over Investor Scam

The article investigates 'The Bunker,' a luxury car club project led by David Bren, son of billionaire Donald Bren, which was revealed to be a likely scam after lawsuits and investigations showed no real business or members, with Bren accused of misusing investor funds and facing legal and personal troubles.

via Los Angeles Times|

#business #david-bren #fraud

business7 months ago•2 min saved

UBS to confront US investor lawsuit over Credit Suisse collapse

A U.S. judge has ruled that UBS must face lawsuits from investors claiming they were defrauded by Credit Suisse before its collapse in 2023, specifically regarding false statements about its financial health and the writedown of AT1 bonds, which were ordered by Swiss regulators and contributed to the bank's demise.

via Yahoo Finance|

#at1-bonds #business #credit-suisse