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Cohen Milstein Hausfeld & Toll, P.L.L.C. Files Class Action Suit Against Credit Suisse On Behalf Of Purchasers Of Agilent Technologies Stock.


Business Editors, Legal Writers

WASHINGTON--(BUSINESS WIRE)--Nov. 5, 2002

A class action suit alleging securities fraud has been filed in the United States District Court for the District of Massachusetts The United States District Court for the District of Massachusetts is the Federal district court whose jurisdiction is the Commonwealth of Massachusetts. The first court session was held in Boston in 1789.  against Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse.  Corporation, a subsidiary of Credit Suisse Group ("Credit Suisse"), and one of its technology analysts by the law firm of Cohen cohen
 or kohen

(Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male.
, Milstein, Hausfeld & Toll, P.L.L.C.

The case was filed on behalf of all persons who purchased common stock of Agilent Technologies Inc. (NYSE NYSE

See: New York Stock Exchange
:A) ("Agilent") during the period from December 13, 1999 through September 9, 2002 (the "Class Period"). Cohen, Milstein has also filed suits against Credit Suisse on behalf of purchasers of AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services.  Time Warner and Razorfish.

The complaint alleges that the defendants violated section 10(b) of the Securities Exchange Act, and Rule 10b-5 promulgated prom·ul·gate  
tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates
1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce.

2.
 thereunder, by issuing favorable research reports on Agilent that were materially false or misleading by failing to disclose conflicts of interest of Credit Suisse, and in particular the practice of Credit Suisse to gain lucrative investment banking business in part by providing coverage and issuing favorable research reports on prospective investment banking customers. According to news reports, an investigation conducted by the Secretary of the Commonwealth of Massachusetts uncovered "very troubling" internal Credit Suisse materials that "suggest...a pattern of breach of fiduciary duty" and which appear to have "treated investors like suckers". One internal Credit Suisse document discusses the "Agilent two-step", in which Credit Suisse issued favorable reports on Agilent to the investing public, while simultaneously informing favored customers verbally that Credit Suisse's true opinion of Agilent was less favorable. The Secretary of the Commonwealth has suggested that criminal charges be filed against Credit Suisse and on October 21st the Secretary filed civil fraud charges against Credit Suisse.

If you are a member of the Class, you may request to serve as a lead plaintiff. The deadline for making such a request is December 16, 2002. If you have questions with regard to this case, your rights or serving as a lead plaintiff, you may contact one of the following:

Steven J. Toll, Esq. (stoll@cmht.com)

Mary Ann Fink (mfink@cmht.com)

Telephone: 888/240-0775 or 202/408-4600

Cohen, Milstein, Hausfeld & Toll, P.L.L.C.

1100 New York Avenue The following roads are named New York Avenue:
  • New York Avenue (Washington, D.C.)
  • New York Ave-Florida Ave-Gallaudet U (Washington Metro)
  • New York Avenue (Brooklyn)
  • New York Avenue in Queens, now Guy R.
, NW

West Tower, Suite 500

Washington, DC 20005

The law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C., has significant experience in prosecuting investor class actions and actions involving financial fraud. The firm has offices in Washington, D.C., Seattle and New York, and is active in major litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 pending in federal and state courts throughout the nation. Please visit our website at www.cmht.com.
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 5, 2002
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