Credit Suisse Sues Billionaire Over Rogue-Banker Report
- Judge issued temporary injunction against posting of report
- Report critical of Credit Suisse’s handling of star ex-banker
Photographer: Philipp Zinniker/Finma
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Credit Suisse Group AG is suing a Georgian billionaire and his communications adviser over their decision to publish a copy of a report from Switzerland’s banking regulator on its handling of a former banker convicted of fraud.
The two sides locked horns in a court hearing in London on Thursday, where late in the day Credit Suisse won an extension of an injunction forcing the report to be removed from the csvictims.com website until a trial is held. The public relations firm behind the website, Metigen, had asked the court to lift the injunction.