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Credit Suisse Securities Settlement

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WELCOME TO THE CREDIT SUISSE SECURITIES SETTLEMENT WEBSITE

The Settlement Hearing on May 11, 2023 at 11:00 AM will take place
telephonically. The dial-in will be posted the morning of the hearing. (HEREBY
ORDERED by Judge Naomi Reice Buchwald) (Text Only Order)



This website has been established to provide general information related to the
proposed settlement of the lawsuit referred to as City of St. Clair Shores
Police and Fire Retirement System v. Credit Suisse Group AG, et al., No.
1:21-cv-03385-NRB (the “Litigation”), and pending before the Honorable Naomi
Reice Buchwald in the United States District Court for the Southern District of
New York (the “Court”). The capitalized terms used on this website, and not
otherwise defined, shall have the same meanings ascribed to them in
the Stipulation of Settlement dated September 12, 2022 (the "Stipulation"),
which can be found and downloaded by clicking on the Case Documents tab above.

The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class
Members. You will not be charged for these lawyers. They will be paid from the
Settlement Fund to the extent the Court approves their application for fees and
expenses. If you want to be represented by your own lawyer, you may hire one at
your own expense.


WHAT IS THIS LAWSUIT ABOUT?

This is a securities class action brought by Lead Plaintiff Sheet Metal Workers
Pension Plan of Northern California ("Lead Plaintiff") on behalf of all Persons
who purchased or otherwise acquired Credit Suisse Group AG ("Credit Suisse" or
the "Company") American Depository Receipts ("ADRs") between October 29, 2020
and March 31, 2021, inclusive, against Credit Suisse and individuals Thomas
Gottstein, David R. Mathers, Lara J. Warner and Brian Chinn (collectively,
"Defendants") for alleged violations of Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

Lead Plaintiff's Amended Complaint for Violations of the Federal Securities Laws
alleges Defendants made false and misleading statements and omissions pertaining
to Credit Suisse’s focus on risk management.  More specifically, Lead Plaintiff
alleges Credit Suisse and the other defendants misrepresented and/or omitted
material information concerning: (i) Credit Suisse’s commitment to risk
management; (ii) the adequacy of Credit Suisse’s internal risk controls; and
(iii) the implementation and effectiveness of new risk controls implemented in
the wake of Credit Suisse’s alleged previous risk management
failures. Defendants deny all of Lead Plaintiff's allegations.

If you purchased or otherwise acquired Credit Suisse ADRs between October 29,
2020 and March 31, 2021, inclusive, you are a Class Member. Excluded from the
Class are Defendants and members of their immediate families, the officers and
directors of the Company at all relevant times and members of their immediate
families, the legal representatives, heirs, successors or assigns of any of the
foregoing, and any entity in which Defendants have or had a controlling
interest. Also excluded from the Class are any persons and entities who are
found by the Court to have timely and validly requested exclusion.


WHAT DOES THE SETTLEMENT PROVIDE?

The proposed Settlement will create a cash settlement fund of $32,500,000 in
cash.  The balance of this fund after payment of Court-approved attorneys’ fees
and expenses and any award to Lead Plaintiff and the costs of claims
administration, including the costs of printing and mailing the Notice of
Pendency and Proposed Settlement of Class Action ("Notice") and the cost of
publishing newspaper notice, and Taxes and Tax Expenses (the “Net Settlement
Fund”), will be divided among all eligible Class Members who send in valid Proof
of Claim and Release forms ("Proof of Claim").

Your share of the Net Settlement Fund will depend on several things, including
the total amount of claims represented by the valid Proofs of Claim Class
Members send in, compared to the amount of your claim, as calculated under the
Plan of Allocation outlined in the Notice. 


ADDITIONAL INFORMATION

Although the information on this website is intended to assist you, it does not
replace the information contained in the Notice and the Stipulation. We
recommend you read the Notice and other relevant case documents carefully.


YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT



SUBMIT A CLAIM 

If you are a Class Member, you will share in the proceeds of the proposed
settlement if your claim is timely, valid, and entitled to a distribution under
the Plan of Allocation described in the Notice and if the proposed settlement is
finally approved by the Court  You will be bound by the Judgment and release to
be entered by the Court. Proofs of Claim must be postmarked (if mailed) or
received (if submitted online) on or before April 6, 2023.

EXCLUDE YOURSELF 

If you exclude yourself from the Class: (a) you are not entitled to share in the
proceeds of the settlement described herein; (b) you are not bound by any
judgment entered in the Litigation; and (c) you are not precluded by the
settlement from otherwise prosecuting an individual claim against Defendants, to
the extent any such claim exists, based on the matters complained of in the
Litigation.  Exclusions must be postmarked on or before April 20, 2023. 

OBJECT 

You may write to the Court if you do not like this Settlement, the Plan of
Allocation and/or the application for attorneys’ fees and expenses.  Objections
must be received by the Court and counsel for the Settling Parties on or before
April 20, 2023. 



ATTEND A HEARING ON MAY 11, 2023 at 11:00 a.m. EST

If you submit a written objection and notice of intention to appear, you may
speak in Court about the fairness of the Settlement, the Plan of Allocation
and/or the request for attorneys’ fees and expenses.  If you submit a written
objection, you may (but you do not have to) attend the hearing and speak to the
Court about your objection.



DO NOTHING

If you chose this option, you will not share in the proceeds of the settlement,
but you will be bound by any judgment entered by the Court, and you will have
fully released all of the Release Claims against the Released Persons. 





IMPORTANT DATES AND DEADLINES

Submit Proof of Claim

April 6, 2023

Request Exclusion

April 20, 2023

Submit Written Objection

April 20, 2023

Submit Notice of Intent to Appear 

April 20, 2023

Settlement Hearing 

May 11, 2023, at 11:00 A.M. EST 

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