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Credit Suisse lost a $440 million UK court case against SoftBank over a 2021 Greensill deal, with the court ruling SoftBank acted in good faith.
Credit Suisse lost a $440 million London High Court case against SoftBank over a 2021 Greensill Capital restructuring deal.
The court ruled SoftBank did not knowingly harm Credit Suisse investors, finding it acted in good faith to rescue Greensill and recapitalize Katerra, a company in which SoftBank had a major stake.
Judge Lord Justice Miles rejected claims of collusion or improper transaction terms, noting both parties negotiated for months.
UBS, which acquired Credit Suisse in 2023, said the fund will review the decision and pursue further recovery efforts.
SoftBank called the ruling a vindication.
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Credit Suisse perdió un caso judicial de 440 millones de dólares en el Reino Unido contra SoftBank por un acuerdo Greensill de 2021, y el tribunal dictaminó que SoftBank actuó de buena fe.