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Cohen Milstein Hausfeld & Toll, P.L.L.C. Files Expanded Class Period for Purchasers Of AOL Stock Against Credit Suisse.


Business Editors, Legal Writers

WASHINGTON--(BUSINESS WIRE)--Nov. 8, 2002

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. has filed a securities fraud class action suit with an expanded class period 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 (NYSE NYSE

See: New York Stock Exchange
:CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. ), ("Credit Suisse" or the "Company"), and one of its technology analysts.

The case was filed on behalf of all persons who purchased common stock 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 Inc. (NYSE:AOL) ("AOL") during the period from Jan. 12, 2001 through Sept. 3, 2002 (the "Class Period").

The complaint alleges that the defendants violated section 10(b) of the Securities Exchange Act of 1934 ("the 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, and Section 20(a) of the Exchange Act, by issuing a series of favorable research reports on AOL that were materially false or misleading in that they did not reflect Credit Suisse's true opinion of AOL and they did not disclose conflicts of interest of Credit Suisse. In particular, the reports did not disclose the practice of Credit Suisse to use its research coverage as part of its marketing efforts to gain lucrative investment banking business.

According to an administrative complaint filed by the Secretary of the Commonwealth of Massachusetts, on one occasion Credit Suisse issued an analyst report stating Credit Suisse believed AOL could achieve the earnings guidance AOL had given the market, when Credit Suisse in fact believed (as expressed in internal communications) that AOL could not make its numbers. The Massachusetts complaint alleges that Credit Suisse "purposely misled investors" with its analyst reports.

Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has previously filed class action securities fraud suits against Credit Suisse on behalf of purchasers of Razorfish, Inc. and Agilent Technologies, Inc. common stock.

If you purchased AOL Time Warner stock in the class period asserted, you may request to serve as a lead plaintiff. The deadline for making such a request is Dec. 31, 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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Publication:Business Wire
Geographic Code:1USA
Date:Nov 8, 2002
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