On July 7, 2025, the Hon. Colleen McMahon certified a class of shareholders and noteholders in In re: Credit Suisse Securities Fraud Class Actions (Diabat), No. 1:23-cv-05874-CM (S.D.N.Y.), a securities fraud class action pending in the United States District Court for the Southern District of New York. The lawsuit alleges that Credit Suisse Group AG (“Credit Suisse”) and certain Credit Suisse officers and directors made materially false and misleading statements regarding, among other things, customer outflows and its internal controls over financial reporting, and further failing to disclose to investors Credit Suisse’s tenuous financial condition, ultimately precipitating its forced merger with rival bank UBS Group AG by the Swiss Government.

Judge McMahon’s Order appointed KSF’s client as Class Representative and KSF as Class Counsel, and certified a Class of investors that includes purchasers of Credit Suisse securities in