Lieff Cabraser Files Class Action Lawsuit Against Credit Suisse Over Alleged Withholding of $300 Million from U.S. Brokers

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As reported by Reuters, Lieff Cabraser has filed a class action lawsuit against global financial services company Credit Suisse Group accusing it of withholding up to $300 million of pay from U.S. brokers. The plaintiffs allege that Credit Suisse cancelled deferred compensation owed to brokers who elected not to move to Wells Fargo under a recruiting agreement between the banks after Credit Suisse closed down its private banking unit in 2015. [Read more…]