Credit Suisse Investors Try to Save Suit: New York Brief

The Second Circuit weighs where a collapsed Swiss bank can be sued, Alvin Bragg wants to rein in crypto, and JPMorgan’s cigarette-smoking workers say they’re overcharged for health plans, below:

Credit Suisse investors battling the defunct bank’s ex-directors may get to litigate in New York instead of Switzerland, my colleague Martina Barash reports, with the Second Circuit weighing whether to revive their suit.

The Manhattan district court’s reasoning for finding the proposed class action belongs in Switzerland was “wrong,” Judge Guido Calabresi said at oral arguments on Wednesday.

Even though the claims fall under Swiss law, the investors have a ...