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In a statement, presiding Judge Patricia Bergin said the bank knowingly enabled Lescaudron's crimes in a way that endangered its clients' money, including Ivanishvili's:

"It preferred the importance of Mr Lescaudron in retaining the big client, the plaintiff, with the Credit Suisse organisation to the compliance with its core obligation of keeping the Trust assets safe."

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For the bank's part, it immediately announced its intention to appeal the ruling in a press statement: "The judgment published today is wrong and poses very significant legal issues," the statement reads in part.

One of the only good parts of the ruling for the bank is that the $926 million sum includes the $79 million it had already paid out to Lescaudron in December of last year. But they're also appealing a court decision in his favor in Bermuda, where in March of 2022 a court ruled they owed the billionaire another $600 million for their mismanagement of his assets. But, in another piece of good news for Credit Suisse, the court pointed out that the judgment would probably be reduced further in order to avoid "double recovery" with the ongoing Bermuda case.

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