Law Firm News

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Law Firm News

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Morrison & Foerster, LLP

Shirley M. Hufstedler to Receive Lifetime Achievement Award
Shirley M. Hufstedler will be presented with a Lifetime Achievement Award by The American Lawyer for her role as a pioneer among women lawyers and her commitment to public service.

“We are extremely proud that Shirley has been recognized with this significant award,” said Morrison & Foerster Chair Keith Wetmore. “She has excelled at every aspect of law and public service. Not just a trailblazer for women in the profession, she is a role model for all lawyers and all public spirited Americans.”

Mrs. Hufstedler was the first United States Secretary of Education, serving under President Carter, and one of the first women on the federal bench, serving 11 years as a Judge of the United States Court of Appeals for the Ninth Circuit. In 1981, Mrs. Hufstedler returned to private life to teach and practice law. She joined her husband, Seth Hufstedler, in their law firm, Hufstedler & Kaus. The litigation boutique was known for its willingness to take on difficult public interest cases. The firm merged with Morrison & Foerster in 1995. Mrs. Hufstedler continues to mentor lawyers in the firm and maintains an active practice focusing on civil appellate litigation. Mrs. Hufstedler currently has cases in the California and United States Supreme Courts.

“As a lawyer, judge, and cabinet member, Shirley has been an inspiration to many,” said Steven M. Kaufmann, Morrison & Foerster partner and head of its Litigation Department. “We congratulate her on this outstanding achievement.”

Mrs. Hufstedler is among eight recipients of the Lifetime Achievement Award that will be presented at The American Lawyer's annual awards dinner on Wednesday, October 24, at Cipriani in New York.

Past winners of this award include former Morrison & Foerster partner Robert Raven, Warren Christopher of O’Melveny & Myers, Lloyd Cutler of Wilmer Cutler Pickering Hale and Dorr, Joseph Flom of Skadden, Arps, Slate, Meagher & Flom, and Sargent Shriver of Fried, Frank, Harris, Shriver & Jacobson.

09-05-2007

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Davies, Ward, Phillips & Vineberg, LLP

Flash: CSA Announce That New Executive Compensation Disclosure Requirements Will Not Be Implemented on December 31, 2007
The Canadian Securities Administrators (“CSA”) issued a notice to update reporting issuers on their previous notice and request for comments dated March 29, 2007, regarding their proposal to repeal and substitute Form 51-102F6 Statement of Executive Compensation.

The proposed executive compensation form was intended to replace the current Form 51-102F6 which details a part of the executive compensation disclosure required to be contained in the annual proxy circulars of reporting issuers.

In many respects, the proposals mirrored the disclosure requirements introduced in 2006 by the U.S. Securities and Exchange Commission. The proposals would have significantly changed proxy disclosure requirements for executive compensation for financial years ending on or after December 31, 2007.

Although the CSA have now stated that they have decided to revise the proposal and delay implementation to fiscal years ending no earlier than June 30, 2008, we recommend that issuers follow this situation closely as it will have a potentially significant impact on future disclosure requirements.

We will continue to update you on any new developments related to this matter.

09-05-2007

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Fennemore Craig, P.C.

Fennemore Craig attorney Leonardo Loo Elected to Community Colleges Board
Leonardo Loo, an attorney with Fennemore Craig in Phoenix, has been elected to a three-year term on the board of the Maricopa Community Colleges Foundation.

“We are delighted to welcome Leonardo Loo to the Board of Directors of the Maricopa Community Colleges Foundation. He brings both expertise and enthusiasm to our board,” said Steven Schenk, executive director of development for the Maricopa Community Colleges and chief executive officer of the Maricopa Community Colleges Foundation.

“Perhaps most importantly, Leonardo has a passion for education and believes wholeheartedly in our mission to make affordable education of the highest possible quality available to the people of Maricopa County,” Schenk added.

Loo practices law in the area of business and finance. Loo represents clients in mergers and acquisitions, private offerings, financings and general securities law matters.

He is a graduate of the University of Chicago Law School, and earned a bachelor’s degree in economics from Stanford University.

09-05-2007

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Wolf Haldenstein Adler Freeman & Herz, LLP

PARTICIPATE IN THIS CLASS ACTION
Wolf Haldenstein Adler Freeman & Herz LLP & Keller Rohrback L.L.P. filed a class action lawsuit in the United States District Court, Western District of Washington, on behalf of all persons who purchased the common stock of Jones Soda Company (“Jones Soda” or the “Company”) [NASDAQ: JSDA] between the period of November 1, 2006, and August 2, 2007, inclusive (the “Class Period”), against the Company and certain of its officers and directors, alleging violations under Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. §78j(b), and the rules and regulations promulgated thereunder by the SEC, including Rule 10b-5, 17 C.F.R. §240.10b-5 (the “Class”).

The Complaint alleges that throughout the Class Period, defendants issued numerous, positive but false statements to investors and the market at large that misrepresented the Company’s growth prospects and ability to penetrate new markets. Defendants further issued extremely positive statements about the Company’s new distribution and production agreement with National Beverage Corporation and agreements with numerous major retailers to garner precious shelf space for the Company’s products. Defendants stated that each of these agreements was cemented and that the Company was poised to realize the financial benefits thereof.

Moreover, Defendant Peter M. von Stolk, the Company’s founder, President, Chief Executive Officer and a Director issued numerous statements that led the market to believe that major retailers had stocked the Company’s sodas on their shelves for sale, or that the sodas would be stocked on these retailers’ shelves for sale by a date certain. These statements, however, were false or were issued with such a degree of severe recklessness to render them actionable.

On August 3, 2007, the Company announced that earnings for the quarter ended June 30, 2007 were well below Wall Street’s expectations. In connection with the release (and despite his earlier promises), Mr. van Stolk said that the Company’s canned products were not on enough store shelves in time for peak summer sales, which began during the Memorial Day weekend.

This news caused the Company’s stock to plummet nearly 23 percent in after-hours trading to $11.70 a share, causing stockholders to suffer significant damages.

Moreover, as detailed in the Complaint, during an 85-day period this last spring, Mr. van Stolk and five of the six member of the board sold huge amounts of their holdings of Jones Soda while touting the Company’s aggressive expansion plan and new arrangements with major retailers. The truth of the matter was that the Company’s plan was not on pace as disclosed. The Company’s beverages were not getting on shelves in time for the summer sales bump. Costs associated with the Company’s new “can” were significantly impacting earnings and Mr. van Stolk falsely portrayed the Company in an overly positive light despite facts that he knew the contrary. Indeed, as detailed in the Complaint, he stated during a conference call with analysts that he saw major sales data from retailers on a daily basis. Accordingly, he knew at all relevant times that the Company’s products were not on the shelves and thus not being sold at a pace that comported with his public statements concerning the Company’s penetration into the $66 billion carbonated soft drink market.

The case name is styled Benford v. Jones Soda Company, et al., A copy of the complaint filed in this action is available from the Court, or can be viewed by clicking on the complaint link to the right.

If you purchased Jones Soda common stock during the Class Period, you may request that the Court appoint you as lead plaintiff by Monday, November 5, 2007.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein or Keller Rohrback, or other counsel of your choice, to serve as your counsel in this action.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 70 attorneys in various practice areas; and offices in Chicago, New York City, San Diego, and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
Keller Rohrback L.L.P. is a law firm headquartered in Seattle that has successfully represented shareholders and consumers in class action cases for over two decades. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.

09-05-2007

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Willcox & Savage, Attorneys at Law

Attorney Michael R. Katchmark Wins Volunteer of the Year Award
Willcox & Savage is proud to announce that Michael R. Katchmark is being recognized as the 2007 Volunteer of the Year by the Hampton Roads Chamber of Commerce Chesapeake Division. Michael is currently the Vice Chair of Governmental Affairs for the Chesapeake division of the Chamber. He is also the Chair Elect.

Founded in 1895, Willcox & Savage services leading international, national, and regional clients from its two Virginia offices. A full-service firm, Willcox & Savage is committed to representing clients in virtually all legal disciplines.

09-05-2007

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Shumaker, Loop & Kendrick, LLP

Partner Theodore C. Taub Hands Over City of Temple Terrace Attorney Duties to Partner, Mark A. Connolly
The law firm of Shumaker, Loop & Kendrick, LLP is pleased to announce that Theodore C. Taub, Partner in the Tampa office, who has represented the City of Temple Terrace for more than 39 years has handed over City Attorney duties to his partner, Mark A. Connolly, at the City Council meeting on September 4, 2007. During the meeting, Mr. Taub stated, “[A]lthough engaged in practicing municipal law since 1963, I was formally named City Attorney when Red McEwen, a great man and my mentor, in 1974 passed me the torch. Now Mark will step into my shoes. I have served with seven Mayors, 25 different members of City Council, several City Managers, City Clerks and many City staff. Serving as Temple Terrace City Attorney has been the highlight of my public service career. I thank the City for honoring me over the years and here tonight. The trip has been spectacular!”

Mr. Connolly has extensive experience in representing counties and municipalities in litigation matters in both state and federal court, and providing general counsel representation to municipalities at public meetings, and in reviewing and negotiating public and private contracts. Mr. Connolly’s litigation experience is diverse, as he has successfully represented individuals, businesses and governmental clients in commercial, tort and land-use litigation at the trial level and on appeal. His expertise also includes representation of health care providers in administrative and litigation matters, and he has substantial experience in the enforcement of restrictive covenants. Mr. Connolly is “AV” rated by Martindale Hubbell and he is admitted to practice in all State and Federal courts in the State of Florida. Mr. Connolly is a member of the Hillsborough County School District’s capacity advisory committee.

Mr. Taub recently received the 2007 Ralph A. Marsicano Award, the most prestigious award given out annually by the Florida Bar’s local government law section to a lawyer for his long-standing contributions to local government law. Mr. Taub has extensive experience in transactional real estate, land use and related litigation, representing both the private and public sectors almost over 47 years at the Bar. A graduate of Duke and the University of Florida, he has served three Florida Governors in significant regional and statewide endeavors. He has lectured for the ABA, ALI-ABA, the Florida Bar, the Practising Law Institute, the Florida Redevelopment Association, ICSC, ULI, and a number of other organizations, over the years and authored numerous articles regarding real estate, land use, title insurance and eminent domain. He has been a part time City Attorney for over 39 years. Mr. Taub is a member of the American College of Real Estate Lawyers and a Florida Bar Board Certified Real Estate Lawyer. He is a past member of the Board of Visitors of Duke University’s Terry Sanford Institute of Public Policy. Mr. Taub has held several other public service positions with state and local government, including ten years as Chairman of the Tampa-Hillsborough County Expressway Authority. His most recent publication is “Reflections on 40 Years as a Part-time City Attorney” in the winter issue of Real Estate Law Journal. Mr. Taub is listed in Best Lawyers in America and is a Florida Super Lawyer.

09-05-2007

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Jackson Lewis, LLP

Leading Law Firms Demonstrate Commitment to WorkLife Balance by Joining the Project for Attorney Retention
Twenty-three of the nation's leading firms have joined the Project for Attorney Retention as Founding Members. Additional firms are expected to join in the coming months.

The Project for Attorney Retention (PAR) works to stem unwanted attrition among lawyers - a benefit for both legal employers and the lawyers themselves - by promoting work/life balance and the advancement of women in the legal profession. "PAR is the leading voice in the legal profession for practical, creative research and advice on work-life balance issues," said James Sandman, former managing partner of Founding Member Arnold & Porter. "PAR members value work-life balance and show it by their support of the best organization dealing with these issues as they affect lawyers."

PAR has previously issued reports about part-time work in law firms and corporate law departments, and will launch a new study of part-time law firm partners in October 2007. In addition to supporting PAR's on-going work, members will receive benefits such as a review of their part-time policies and a teleconference for their attorneys who work reduced hours about how to advance professionally.
PAR's Founding Members:

"These firms have demonstrated a public commitment to bridging the gap between what lawyers are looking for and what most law firms offer in terms of work/life balance," according to Joan C. Williams. "Knowing that a firm is a member of PAR is valuable information for law students who are looking for employment after graduation and for lawyers looking to make a lateral move between law firms," said Cynthia Thomas Calvert. Williams and Calvert co-direct PAR.

09-05-2007

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