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

Business Wire, Nov 5, 2002

Business Editors

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 against Credit Suisse First Boston Corporation, a subsidiary of Credit Suisse Group ("Credit Suisse"), and one of its technology analysts by the law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C.

The case was filed on behalf of all persons who purchased common stock of Razorfish, Inc. (Nasdaq: RAZF) during the period from June 14, 1999 through July 20, 2001 (the "Class Period"). Cohen Milstein has also filed suits against Credit Suisse on behalf of purchasers of Agilent Technologies and AOL Time Warner.

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 Razorfish that were materially false or misleading in that they did not 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 State 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." On October 21, 2002, the Secretary of the Commonwealth 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 3, 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, 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 pending in federal and state courts throughout the nation. Please visit our website at www.cmht.com.