Class Action Lawsuit Against Credit Suisse Group Announced by The Brualdi Law Firm PC

NEW YORK, May 2, 2008 (Lawfuel) — The Brualdi Law Firm P.C.
announced today that a class action lawsuit has been filed in the
United States District Court for the Southern District of New York on
behalf of all persons who purchased or acquired the American Depositary
Receipts (“ADRs”) of Credit Suisse Group (“Credit Suisse” or the
“Company”) (NYSE:CS) who purchased Credit Suisse stock between February
15, 2007 and February 19, 2008 (the “Class Period”).

No class has yet been certified in the above action. If you purchased
Credit Suisse Group stock during the Class Period, you may be a member
of the proposed Class. You must move the Court on or before June 20,
2008 if you wish to serve as a lead plaintiff. In making your decision,
you should take into account that those with large financial losses
resulting from the alleged federal securities law violations are given
preference in being appointed lead plaintiff.

To be a member of the class you need not take any action at this time,
and you may retain counsel of your choice. If you wish to discuss this
action or have any questions concerning this Notice or your rights or
interests with respect to these matters, please contact Tali Leger,
Director of Shareholder Relations at The Brualdi Law Firm P.C., 29
Broadway, Suite 2400, New York, New York 10006, by telephone toll free
at (877) 495-1877 or (212) 952-0602, by email to
[email protected] or visit our website at

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The Complaint charges that Credit Suisse and certain of its officers
and directors violated federal securities laws. Specifically, it is
alleged that defendants issued materially false and misleading
statements regarding the Company’s business and financial results. The
Complaint further alleges that defendants failed to write down impaired
securities containing mortgage-related debt. According to the
Complaint, the true facts, which were known by defendants but concealed
from the investing public during the Class Period, were as follows: (i)
that defendants failed to record losses on the deterioration in
mortgage assets and collateralized debt obligations (“CDOs”) on Credit
Suisse’s books caused by the high amount of non-collectible mortgages
included in the portfolio; (ii) that Credit Suisse’s internal controls
were inadequate to ensure that losses on residential mortgage-related
assets were accounted for properly; and (iii) that Credit Suisse’s
traders had put incorrect values on CDOs and other debt securities,
concealing the exposure the Company had to losses.

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