Litigation: NY court dismisses leverage ETN case against Credit Suisse

The US District Court for the Southern District of New York has dismissed a putative class action under the Securities Exchange Act of 1934 against Credit Suisse for misrepresentation in relation to the delisting of an exchange-traded note (ETN) linked to a natural gas price index.   According to the court ruling of 31 March, the investor alleged that Credit Suisse failed to adequately disclose the risk of a short squeeze in which short sellers are forced to sell their positions at a