NCFE-Related Litigation

CREDIT SUISSE GROUP
Form:20-F Filing Date:6/28/2004ITEM 8: FINANCIAL INFORMATION
NCFE-related Litigation


Since February 2003, lawsuits have been filed against Credit Suisse First Boston
LLC with respect to services that it rendered to National Century Financial
Enterprises, Inc. and its affiliates, or NCFE. From January 1996 to May 2002,
Credit Suisse First Boston LLC acted as a placement agent for bonds issued by
NCFE that were to be collateralized by health-care receivables, and in July
2002, as a placement agent for a sale of NCFE preferred stock. NCFE filed for
bankruptcy protection in November 2002.


In these lawsuits, which were filed in (or removed to) federal courts in
Arizona, Ohio, New Jersey and New York, investors in NCFEs bonds and preferred
stock have sued numerous defendants, including the founders and directors of
NCFE, the trustees for the bond issuances, NCFEs auditors and law firm, the
rating agencies that rated NCFEs bonds, and NCFEs placement agents, including
Credit Suisse First Boston LLC. The allegations include claims for breach of
contract, negligence, fraud, and violation of federal and state securities laws.
By orders dated November 13, 2003, January 5, 2004, and March 3, 2004, the
Judicial Panel on Multidistrict Litigation consolidated the matters and
transferred them to the U.S. District Court for the Southern District of Ohio
for pre-trial purposes. Credit Suisse First Boston LLC has filed motions to
dismiss in each of these cases.