Quinn Emanuel Successfully Defends SoftBank Against $440 Million Claim by Credit Suisse

Quinn Emanuel’s London office has successfully defended our client SoftBank against a substantial and high-profile US $440 million insolvency-linked claim before the English High Court. The team defeated the claim brought by Credit Suisse, which alleged that SoftBank sought to orchestrate for its own ends a complex restructuring involving the Greensill Group in late 2020.

Following a five-week trial in mid-2025, Lord Justice Miles today dismissed the claim entirely, finding that no relief should be ordered against the SoftBank Defendants. Indeed, SoftBank’s conduct was entirely vindicated by the Court. The Court found that SoftBank acted “in good faith”, “did not know or suspect” that Greensill intended to prejudice its creditors and in fact “positively believed” (and had “reasonable grounds” for believing) that Greensill had already used the $440 million to make Credit Suisse whole, as was its intended purpose. The Court further found that SoftBank acted in its own commercial interest and did not “orchestrate” the transactions as alleged.

SoftBank was represented by partners Richard East and Nikolas Bruce-Smith, senior associates Rory Nolan, William Bartlett and Daniel Freund, and associates Isabel Trinca, Antonia Glover and Jade Yu. SoftBank’s counsel team comprised Tom Smith KC, Adam Al-Attar KC and Peter Burgess, all of South Square. Sydney-based partners Andrew Corkhill and Elan Sasson also act for SoftBank.

Please see a link to the judgment here.