Law Firm News

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Law Firm News

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Lane Powell PC

Calo Active in ABA/CJS White Collar Crime Committee
Bob Calo has been appointed as Regional Co-Chair of the Northwest/Seattle Region of the American Bar Association ("ABA") Criminal Justice Section ("CJS") White Collar Crime Committee, 2006-2008. He is also a Subcommittee Member of two areas within the ABA/CJS White Collar Crime Committee: the Financial Institution Fraud/Money Laundering area and the Patriot Act, and the Health Care Fraud area.

10-27-2006

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Lane Powell PC

Davies and Volbeda Author Article in Scotsman Guide
Doug Davies, Shareholder, and Bruce Volbeda, a 2006 summer associate at Lane Powell, authored "The Case for National Reform," an article that appeared in the November issue of the Scotsman Guide, a resource for mortgage originators. The article contends that recent state regulations have hampered the mortgage industry, making real estate finance one of the economy's most heavily regulated sectors. "The time has come" (the authors write), "for comprehensive federal reform to create a simple, consistent and uniform national system that will benefit consumers and the industry alike.

10-27-2006

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King & Spalding

King & Spalding's Zack Harmon Elected to American Law Institute
King & Spalding, a leading international law firm, announced today that Zack Harmon, a partner in the firm's special matters and government investigations practice group, has been elected to the American Law Institute. The ALI drafts and publishes the Restatements of the Law and model codes, oversees the Uniform Commercial Code in collaboration with the National Conference of Commissioners on Uniform State Laws, and engages in numerous other legal reform projects that are used as references by the entire legal profession.

The ALI's membership consists of judges, legal scholars and practicing lawyers selected on the basis of their professional achievements and demonstrated interest in the improvement of the law. Other King & Spalding lawyers who are members of ALI include Judge Griffin Bell, Jim Miller, Joe Bankoff and John Wallace.

Mr. Harmon's practice focuses on white collar criminal litigation and investigations, complex civil litigation and internal and Congressional investigations. He also specializes in advising clients about compliance with U.S. laws and regulations, in devising corporate compliance and training programs and in conducting M&A due diligence.

After two years as an associate at King & Spalding, Harmon left the firm to serve as Special Assistant U.S. Attorney in the District of Columbia and then as a prosecutor in the Tax Division of the Department of Justice. His experience in these two positions included more than 25 criminal trials in the District of Columbia Superior Courts as well as criminal trials in various U.S. District Courts. Mr. Harmon was recognized by Attorney General Janet Reno as a Tax Division Outstanding Attorney in 2000. He was then appointed to a presidential commission to lead one of the teams that reviewed the FBI's national security and counterintelligence programs in the wake of FBI Special Agent Robert Hanssen's espionage. In 2001, Mr. Harmon was selected to serve as trial attorney on the Enron Task Force. Finally, during 2002-2003, Mr. Harmon served as Counsel to Deputy Attorney General Larry D. Thompson. He rejoined King & Spalding in 2003.

10-27-2006

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Katten Muchin Rosenman LLP

Katten Muchin Rosenman Secures Dismissal of $80 Million ERISA Class Action Against Client New York Bancorp
Katten Muchin Rosenman LLP today announced that it has won the dismissal of an $80 million ERISA lawsuit against its client, New York Bancorp Inc. in the United States Court for the Eastern District of New York. The court dismissed the case, finding that the remaining plaintiff, a former participant in the 401(k) plan, lacks standing to sue. The lawsuit, filed as a class action by John Caltagirone and Brenda Greenblatt on behalf of current and former participants in the New York Community Bank Employee Savings Plan, alleged New York Bancorp failed to disclose information affecting the price of company shares held by employees in their portfolios.

Jonathan G. Rose, a partner in Katten’s ERISA Litigation Practice, represented New York Bancorp in the case and had previously secured the dismissal of Caltagirone’s claims for lack of standing. Following additional discovery regarding Greenblatt’s period of employment with New York Bancorp and participation in the savings plan, Rose filed a motion for summary judgment to dismiss her remaining claims, which the court granted.

In dismissing Greenblatt’s claims, the court found that she was not a participant in the savings plan during the class period stipulated in the amended complaint, which began six months after she left the company and four months after she took total distribution of her Savings Plan account.

More importantly, the court found Greenblatt never elected to include New York Bancorp shares in her Savings Plan.

As District Court Judge Wexler noted in the opinion, “the failure of Greenblatt to purchase Company Shares as part of her retirement portfolio is fatal to her claim of standing.” Wexler found that because Greenblatt never had New York Bancorp shares in her Savings Plan she could not claim they reduced the value of her portfolio.

“We are very pleased with this decision, which vindicates our client. Ms. Greenblatt never had standing in this case, and we are gratified the court has recognized this fact,” said Rose. “In the wake of the Enron and WorldCom scandals, all companies realize the importance of openness and transparency when it comes to issues that affect employee retirement portfolios and New York Bancorp has always maintained it acted in the best interest of its employees. For the 10 years prior to the class period claimed in the complaint, the company's stock increased approximately 26 percent per year, and with stock splits and dividends actually increased approximately 7 percent during the alleged class period. Therefore, it was clearly not imprudent for the plan's fiduciaries to have offered the company's stock for the participants to select from the numerous investment options available.

10-27-2006

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Hinshaw & Culbertson, L.L.P.

Two Hinshaw Attorneys Honored as Massachusetts "Super Lawyers"
Two Hinshaw & Culbertson LLP attorneys, partners Bradford R. Carver and David A. Grossbaum, have been honored as 2006 Massachusetts Super Lawyers” by Law & Politics’ publication, 2006 Massachusetts Super Lawyers, placing them in the top 5% of all licensed attorneys in the State of Massachusetts.

More than 31,000 Massachusetts attorneys received ballots asking them to nominate the best attorneys that they had personally seen in action. Point values were then assigned for each vote, with more emphasis placed on votes from outside an attorney’s firm. Nominees are split into more than 60 areas of practice, and the members of each area of practice with the highest total number of points form a “blue ribbon panel” which reviews and gives points to the nominees from each primary practice area. In addition to the balloting process, Law & Politics conducts further research to identify the top lawyers in different areas, reviewing peer recognition, professional achievement, and the discipline record of nominated attorneys.

The point totals from the general survey, research process and blue ribbon panel review were added to arrive at a final point total for each candidate.

10-27-2006

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Ford & Harrison LLP

Reneé A. Canody Named "Up & Comer" By Atlanta Business Chronicl
Ford & Harrison LLP, a national labor and employment law firm, is pleased to announce that Reneé A. Canody, an attorney in the Atlanta office, has been named an “Up & Comer – 40 Under 40” by the Atlanta Business Chronicle.

On Thursday, October 26, Atlanta Business Chronicle honored Renee and 39 other rising stars under the age of 40 in the Atlanta community who have held positions of leadership, have significant career achievements, and have had substantial community service involvement.

Reneé Canody practices in the area of employment law and employment litigation. She has lectured on employment law related topics for continuing legal education programs and has previously served as the Chairperson of the State Bar of Georgia, Young Lawyers Division, Employers’ Duties and Problems Committee. She currently serves on the Board of Directors for the Joseph B. Whitehead Boys & Girls Club and the Board of Directors for The Genesis Shelter, where she serves as the organization’s Vice President of Human Resources.

Reneé is the Assistant Editor of the Georgia Employment Law Letter, a monthly newsletter on employment law developments in the state and was selected as a “Georgia Rising Star” in 2005 by Georgia Super Lawyers. She received her undergraduate and law degrees from Wake Forest University.

10-27-2006

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Fenwick & West, LLP

Fenwick & West Represents Turin Networks in Recent Acquisition
Fenwick & West LLP represented Turin Networks in its acquisition of the product portfolio and the majority of the material assets of White Rock Networks, a provider of next-generation optical transport products for metro networks. This purchase includes access to third party software and technology that is required to support all of the White Rock Networks platforms. The transaction expands Turin’s product portfolio and carrier customer base to over 300 customers worldwide.

10-27-2006

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