Robbins Geller Rudman & Dowd LLP and Scott+Scott LLP Announce Notice of Hearing to Determine Approval of Proposed Settlement of Class Action

SAN DIEGO, May 10, 2011 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP and Scott+Scott LLP pursuant to an order of the United States District Court, Southern District of New York:

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Southern District of New York, a hearing will be held on July 18, 2011, at 3:00 p.m., before the Honorable Victor Marrero, in Courtroom 20B of the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, New York 10007, for the purpose of determining (1) whether the proposed settlement of the Action for the sum of $70,000,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Action should be dismissed with prejudice against the Defendants as set forth in the Settlement Agreement dated March 7, 2011; (3) whether the Plan of Distribution of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) the reasonableness of the application of Co-Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Action, together with interest thereon.

If you purchased the above Credit Suisse Group securities during the Class Period, your rights may be affected by this Action and the settlement thereof.  If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Credit Suisse Group Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 808003, Petaluma, CA 94975-8003, or by downloading this information at www.gilardi.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form postmarked no later than August 1, 2011, establishing that you are entitled to a recovery.  You will be bound by any judgment rendered in the Action unless you request to be excluded, in writing, to the above address, postmarked by July 1, 2011.

Any objection to any aspect of the settlement must be filed with the Clerk of the Court no later than July 1, 2011, and received by each of the following no later than July 1, 2011:

SOURCE Robbins Geller Rudman & Dowd LLP