Current Investigations: Credit Suisse Group AG, Faraday Future Intelligent Electric, Novavax, Organogenesis Holdings

Plaintiff attorney are investing potential violations of securities laws at a handful of firms (every day, of course)

Plaintiff attorneys who specialize in securities class actions are currently investigating potential claims against the following firms: Credit Suisse Group AG, Faraday Future Intelligent Electric, Novavax, and Organogenesis Holdings.

Below is a brief description of each investigation. If you are interested in discussing a potential litigation, whether as a lead plaintiff for a class action or through a private litigation, please give us a call at 312-204-6970. We can review the merits of each case, your trade data and positions, advise a best path forward, and if necessary refer you to an attorney who would be best suited to your needs.


Credit Suisse Group AG

Symbol: CS

Activity Period: 3/24/17 – 10/19/21

On December 19, 2018, the U.S. Department of Justice filed a four-count indictment under seal in the Eastern District of New York against Credit Suisse’s U.K. unit in connection with an $850 million loan to a Mozambique state-owned entity, alleging conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to violate the anti-bribery and internal controls provisions of the Foreign Corrupt Practices Act, and conspiracy to commit money laundering.  On October 19, 2021, Credit Suisse’s U.K. unit pled guilty to wire fraud and agreed to pay $475 million to U.S. and U.K. authorities for its role in a $2 billion corruption scandal in. On this news, Credit Suisse’s stock price fell sharply on October 20, 2021.

Faraday Future Intelligent Electric

Symbol: FFIE

Activity Period: 7/22/21 – 10/6/21

On October 7, 2021, investment analysts at electric J. Capital released a report alleging that electric car maker Faraday Future Intelligent Electrichas misled investors and failed to disclose important information. J. Capital alleged that Faraday failed to build promised factories in locations in both the United States and China, failed to build a car, fabricated 14,000 deposits for new cars, and that 78% of these reservations were made by a single undisclosed company that is likely an affiliate. J. Capital concluded that Faraday Future is unlikely to ever sell a car. On this news, Faraday’s stock price fell $0.35, or 4.16%, to close at $8.05 on October 7, 2021.



Symbol: NVAX

Activity period: 3/1/21 – 10/19/21

On October 19, 2021, Politico published an article entitled “’They rushed the process’: Vaccine maker’s woes hamper global inoculation campaign.”  Politico claimed that Novavax’s COVID-19 vaccine “faces significant hurdles” in passing regulation requirements.  On this news, Novavax’s stock price fell sharply on October 20, 2021.


Organogenesis Holdings

Symbol: ORGO

Activity Period: 3/16/21 – 10/11/21

On October 12, 2021, Value Investors Club published a report alleging that Organogenesis has been improperly billing the federal government for $250 million each year.  The company also set an extremely high price for its wound convering product, Affinity, which is purchased in large quanrities by the government through Medicaid. On this news, Organogenesis’s stock price fell 14% on October 12, 2021.


More News from the Class Action World

Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720


Read More

Read More

Case Name: ... Read More

Read More

Case Name 1: The Kraft Heinz Company

Read More

Case Name: Cardinal Health

Settlement Fund: $109,000,000

<... Read More

Cornerstone Research has released its yearly securities class action litigation report and found dramatic increases in the number of settlements and in the average settlement pools. (The link to the full report is below.)

Cornerstone focused on federal securities class actions, specifically cases al... Read More

Case Name: Micro Focus

Settlement Fund: $107,500,000

Claim Filing Deadline: 5/30/2023

Class: All persons who purchased or acquired Micro Focus American Depositary Shares (“ADSs”) issued in connection with the Merger of Micro Focus and the software business segment of HPE (the “Merger”), which was c... Read More

Case Name: Wells Fargo 2018 Litigation

Settlement Fund: $300,000,000

Claim Filing Deadline: TBD

Class Period: 11/3/2016 -- 8/3/2017

Chicago Clearing Corporation is tracking a new $300 settlement with Wells Fargo. As of today (2/23/23) proof of claim forms and notices are not yet available, but recovery could be substanti... Read More