By Najiyya Budaly (September 27, 2021, 4:11 PM BST) — Credit Suisse AG said on Monday that it plans to pay back another $400 million to investors that have had a total of $10 billion trapped in four investment funds linked to Greensill Capital, which collapsed this year.

The Swiss lender’s asset management arm said that it will return $400 million to investors this week in its latest payout after it terminated the funds linked to Greensill in March.

The asset manager, known as CSAM, has distributed a total of approximately $5.9 billion in four installments since March. The latest $400 million package will bring the total amount paid back to…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Read more…