Drew & Napier, a prominent law firm, has secured litigation funding from Omni Bridgeway for a significant class action against the Swiss government. The action seeks recovery of $250 million over losses tied to the $17 billion write-down of Additional Tier 1 (AT1) bonds, following the collapse of Credit Suisse. This marks the only lawsuit among several initiated that has received external funding support.
For further details on the ongoing litigation and the implications for international finance, visit the original article (note: paywall may apply).