Analysis Group Provides Their Expert Opinion On The Credit Suisse Class Action Lawsuit
With the Forex market currently reeling from one of the worst times for most financial markets, many other smaller cases worldwide are pushed to the side. More specifically, the case following Credit Suisse and its recent win in a landmark Forex case was pushed to the side.
What was seen as one of the biggest victories for major Forex players in the market has since turned into a sideshow that many don’t pay as much attention to. In fact, the win was such a big deal for most financial markets that it led to a short rally.
However, there were a lot of details about the rest of the case that was difficult to pin down and get more insight into. Fortunately, there are plenty of people who take great pride in collecting information about cases like these.
Not only do they gather the hidden pieces, but they can also compile all of that information and bring it into a much more digestible size. Therefore, being able to find out this information can prove to be instrumental in better tackling issues like this in the future.
Analysis Group Offers their Insight
One of the firms in question that compile information about various cases like these is Analysis Group. Analysis Group is one of the biggest economics consulting worldwide that focuses on providing its clients with accurate information about various cases.
However, the firm in particular had a very active role to play in the overall proceedings of the case, since it was responsible for supporting Credit Suisse in court. The defense was able to successfully prove that they were innocent in the recent case.
Despite proceedings taking place over a course of many years, the only thing that was truly holding the case back was the testimony from different banks.
Throughout the better part of the industry’s otherwise difficult tasks, the defense was able to prove that Credit Suisse was innocent of the specific charges that the plaintiff was accused of them. The plaintiffs were successful in getting confessions out of 3 major banks that they profited from the crises.
The plaintiffs included a wide range of hedge funds and other major financial institutes that were able to find out about the major breach of trust. Manipulating the market in such a way allowed them to profit from a mutually destructive situation.
The managing Analysis Group would even go on to testify on the stand for Credit Suisse, which made its contributions to the rest of the case significant. While the case was a big deal for investors throughout multiple financial markets, it was still not enough to ease the overall volatility of the market. Therefore, the best that the overall market can do is hold on.