Report: Investors were mislead by pricing of the XIV
Yesterday, securities litigation consultant Dr. Craig McCann published a report on LinkedIn which concludes that material misrepresentations in Credit Suisse’s XIV’s prospectus led to $700 million in losses.
[Click here to read the detailed findings included in McCann’s report]
“Dr. McCann’s report supports our opinion that the VIX was manipulated and that unsophisticated investors may have been mislead by pricing of the XIV. We continue to investigate this very serious event in the VIX, the XIV and the SVXY”, said Jeffrey Sonn of Sonn Law Group.
If you suffered substantial losses when Credit Suisse’s XIV Exchange Traded Note (ETN) lost 97% of its value on February 5, 2018, the Sonn Law Group is interested in hearing your story. Contact us online or call 305-912-3000 to speak with a qualified securities fraud attorney from our firm today.