Quinn Emanuel Urquhart & Sullivan and litigation boutique Pallas Partners have signalled their intention to represent Credit Suisse investors who have lost out following the wipeout of $17 billion worth of bonds.

According to the terms of the transaction, AT1 bonds held by Credit Suisse investors worth 15.8 billion Swiss francs ($17 billion, £13.9 billion) have been written-off by FINMA (the Swiss Financial Market Supervisory Authority).