Lawyer's C Suisse 'thank you' email

Email Simon Stratford

'Thank you' - 600 times.

'thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou thankyou...'

Bloomberg News reports that that was part of an e-mail sent to the U.S. Department of Labor last fall by lawyer Melanie Nussdorf, three months after her client, Credit Suisse, admitted to helping Americans evade U.S. taxes.

The Labor Department oversees about $8tril in private-sector pensions, and so Credit Suisse, after making its guilty plea, needed the department’s permission to keep managing Americans’ retirement money. The bank would also need to notify 'interested persons' that their funds were being overseen by a manager with links to a felon.

Nussdorf, a partner at Steptoe & Johnson who worked at Labor in the 1980s, sought to clarify whom, among all the pension clients in the Credit Suisse universe, needed to be told. Labor responded that it was enough, in many cases, to tell the pension managers rather than the clients, prompting Nussdorf to repeat 'thankyou' 600 times.

Her August 28 message, and others that are part of the Labor Department’s public records, reveal a collegial, give-and-take negotiation between the department and a bank lawyer seeking to manage the potentially devastating fallout from a criminal conviction.

To access the complete Bloomberg News article hit the link below:

‘Thankyou' E-Mail Shows Guilty Bank's Efforts to Keep Business Rolling

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