Refile: Japanese investors plan to sue MUFG unit over Credit Suisse bonds - Nikkei

Credit Suisse AG

09/06/2023 04:18

(Corrects to fix syntax in headline)
       June 9 (Reuters) - A group of Japanese investors are
planning to file lawsuits against some brokerages based in the
country, including Mitsubishi UFJ Morgan Stanley Securities,
over their sale of AT1 bonds issued by Credit Suisse Group AG
 CSGN.S , Nikkei reported on Friday.
    Former Bank of America Securities lawyer Taiju Yamazaki has 
said he expects his "first action" would be to file a group suit
in Tokyo on behalf of MUFG Morgan Stanley Securities clients as
they look to recoup losses on their Credit Suisse additional
tier-1 bonds, the report said.
    Credit Suisse and MUFG did not immediately respond to a
Reuters request for comment. Reuters could not immediately
contact Taiju Yamazaki.

 (Reporting by Anirudh Saligrama in Bengaluru;Editing by
Nivedita Bhattacharjee)
 ((Anirudh.Saligrama@thomsonreuters.com; @journoanirudh on
Twitter;))