Legal
Credit Suisse Sued by Magazine Mogul Over Swaps Deal
Richard Desmond, chairman of the Northern & Shell Plc media group, sued a Credit Suisse Group AG (CSGN) unit for selling him a 50 million-pound ($78.5 million) derivative deal he said was inappropriately risky and impossible to understand. “It was incomprehensible except to an expert in complex derivative transactions,” according…
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Click here to read the full story: Bloomberg Businessweek