Swiss bank Credit Suisse, which was taken over by rival UBS, has lost a lawsuit in the United Kingdom against the Japanese investment group Softbank over claims related to Greensill funds. + Get the most important news from Switzerland in your inbox Credit Suisse had been seeking damages from Softbank totalling $440 million (CHF350 million). The London High Court dismissed the claim in a judgement published on Wednesday. Several media outlets first reported on the case on Wednesday evening. The legal dispute concerned claims by the Greensill funds against the now insolvent American construction company Katerra. In the lawsuit, Credit Suisse alleged that Softbank, as Katerra's main investor, had profited from a restructuring of Katerra debt and thus damaged the bank. A Softbank spokesperson told the news agency Reuters that the judgement "fully vindicates Softbank". The accusations were an "unfounded attempt to shift the blame onto others", the spokesperson added. + UBS offers to ...
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