UBS's legal worries are mounting in the wake of its takeover of Credit Suisse, as retail investors are set to file a class action claiming they lost out in the deal.
The Swiss Investor Protection Association will launch a claim on 14 August, according to the Financial Times, on behalf of more than 500 Credit Suisse equity investors that it says lost out when the shotgun marriage saw Credit Suisse change hands at a fraction of its book value.
