Loading...
Market
What will be the outcome for Credit Suisse following the 'tuna bond' lawsuit by December 31, 2024?
3
Resolution / Starting Odds
Settlement with Mozambique • 25%
Further legal action • 25%
Fines or sanctions • 25%
No further action • 25%
Official announcements from Credit Suisse or relevant regulatory bodies
Story
Mozambique Wins $3.1 Billion 'Tuna Bond' Lawsuit Against Privinvest, Credit Suisse
Jul 29, 2024, 11:12 AM
Mozambique has substantially won its $3.1 billion (R57 billion) lawsuit at London's High Court against Emirati-Lebanese shipbuilder Privinvest. The case, known as the 'tuna bond' scandal, involved allegations of bribery and fraud related to a $2 billion bond that caused a financial crisis in the country. The judgment, handed down by Mr. Justice Knowles on Monday, found largely in favor of Mozambique, which was represented by the law firm Peters & Peters. The scandal also implicated Credit Suisse in the fraudulent activities.
View original story
Similar markets
Dismissed • 25%
Settled out of court • 25%
Citigroup found liable • 25%
Ongoing • 25%
Yes • 50%
No • 50%
Penalties upheld • 33%
Penalties reduced • 33%
Penalties overturned • 34%
Found Guilty • 25%
Found Not Guilty • 25%
Settled Out of Court • 25%
Case Dismissed • 25%
Case dismissed • 25%
Settlement reached • 25%
Cantor Fitzgerald found liable • 25%
Other outcome • 25%
No legal action taken • 25%
Legal action taken against stepfather only • 25%
Legal action taken against Munro only • 25%
Legal action taken against both • 25%
Yes • 50%
No • 50%
Settlement upheld • 25%
Settlement reduced • 25%
Settlement overturned • 25%
No appeal filed • 25%
Positive Regulation • 25%
Neutral Regulation • 25%
Negative Regulation • 25%
No Change • 25%
Convicted • 25%
Acquitted • 25%
Case Dismissed • 25%
Plea Deal • 25%
Government officials • 25%
Banking executives • 25%
Business leaders • 25%
Other • 25%