Credit Suisse – Greensill

2024, Luxembourg

Deminor funded the legal action initiated in Luxembourg by a group of pension funds that suffered material losses following investments in the Credit Suisse supply chain funds whose underlying assets were receivables sourced by Greensill that were supposed to be “fully insured” according to the prospectus and marketing material issued and disseminated by Credit Suisse entities. The case was settled, and clients recovered 90% of their investments.