Archive · 9 Jun 2025
Greensill Alleges 'Code of Silence' in SoftBank Deals Trial
Imagine two friends, Lex and SoftBank, who invested in a company called Katerra.
Later, things went wrong, and the friends tried to restructure things to hide potential losses.
Credit Suisse says SoftBank did something wrong.
Lex is now in court, saying there was a secret agreement to hide the bad news.
He also mentioned that some people did not like his close friendship with the boss of Softbank.
SoftBank says Credit Suisse is just trying to blame them for their own mistakes.
Now, a judge will have to decide what really happened and who is responsible for the money lost.
Lex Greensill testified in a London trial alleging a 'code of silence' around SoftBank transactions.
The trial involves Credit Suisse's $440 million lawsuit against SoftBank over a restructuring agreement.
Greensill claims the restructuring aimed to hide potential losses on SoftBank-backed startup Katerra.
SoftBank argues the lawsuit attempts to shift blame for Credit Suisse's poor investment decisions.
Greensill described a strained relationship with SoftBank's executives, including Rajeev Misra.
- Who
- Lex Greensill, Credit Suisse, and SoftBank are involved.
- What
- A trial regarding a $440 million restructuring agreement.
- When
- Greensill testified in a London trial on Monday.
- Where
- London
- Why
- To determine responsibility for financial losses related to SoftBank's investments.
Credit Suisse/Greensill
SoftBank
Blame for Losses
Credit Suisse/Greensill
SoftBank concocted the restructuring so it could pull its own money out of the firm, knowing Greensill would be unable to repay the $440 million it owed to Credit Suisse.
SoftBank
The lawsuit is an attempt to shift blame for their own poor investment decisions.
- Trial Location
- London
- Plaintiff
- Credit Suisse
- Defendant
- SoftBank
- Amount in Dispute
- $440 million
- Focus
- Restructuring of Katerra Inc.