BOSTON, MA -- November 7, 2002 – A securities fraud class action suit with an expanded class period has been filed in the United States District Court for the District of Massachusetts against Credit Suisse First Boston Corporation, a subsidiary of Credit Suisse Group (NYSE: CSR), ("Credit Suisse" or the "Company"), and one of its technology analysts, by the law firm of Shapiro Haber & Urmy LLP.

The case was filed on behalf of all persons who purchased common stock of AOL Time Warner Inc. (NYSE: AOL) ("AOL") during the period from January 12, 2001 through September 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 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.

Shapiro Haber & Urmy LLP has previously filed class action securities fraud suits against Credit Suisse on behalf of purchasers of Razorfish, Inc. (NASDAQ:RAZF) and Agilent Technologies, Inc. (NYSE:A) common stock. Shapiro Haber & Urmy anticipates that it may be filing similar class action complaints on behalf of investors in other companies that were also the subject of favorable research reports by Credit Suisse.

Plaintiff seeks to recover damages suffered by class members and is represented by the law firm of Shapiro Haber & Urmy LLP, which has successfully prosecuted numerous securities class actions on behalf of defrauded investors. More information about the firm and its qualifications is available on the firm's website at www.shulaw.com.

If you purchased AOL stock during the Class Period from January 12, 2001 through September 3, 2002 , and you suffered damages, you may wish to join the action.