Credit Suisse AG (“Credit Suisse”) will seek to appeal the Texas Court of Appeals decision in the Credit Suisse vs Highland Capital, NexPoint Funds case.
Credit Suisse respectfully disagrees with the decision of the Texas Court of Appeals, does not believe the decision is supported by applicable law, and accordingly intends to seek appeal.
This is a legacy matter dating back to 2007. Given the number of favourable verdicts in Credit Suisse vs Highland Capital cases to date, we look forward to the outcome of the appeal process which will take nine to twelve months.
There is no payment due to Highland Capital until ultimate resolution through the courts.
Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management.
Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in about 50 countries worldwide. The group employs approximately 46’840 people.
The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com