11th August 2023 – The administrator of collapsed $10 billion Greensill Capital has filed a $ 250 million lawsuit against Zurich Insurance for payments to Liberty Commodities insured by Zurich Insurance. In June 2023, Switzerland prosecutors had filed a criminal case against collapsed $10 billion supply chain fund Greensill founder Lex Greensill and 4 ex-Credit Suisse bankers. A court hearing had been scheduled for 26th June 2023. In 2023 March, Swiss Financial Market Supervisory Authority (FINMA) concluded the $10 billion supply chain fund Greensill proceeding against Credit Suisse, with key findings including serious breach of supervisory & risk management and 4 enforcements to be taken against Credit Suisse Managers. More info below.