Law Firm News

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Law Firm News

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Snell & Wilmer, L.L.P.

SNELL & WILMER PARTNER, HEIDI MCNEIL STAUDENMAIER, SELECTED AS ONE OF THE TOP 10 GREAT WOMEN OF GAMING FOR 2006
Snell & Wilmer announced today that The Inaugural Great Women of Gaming Conference selected partner Heidi McNeil Staudenmaier as one of the Top 10 Great Women in Gaming for 2006. This honor was bestowed upon the Phoenix-based attorney as part of the first annual Great Women of Gaming conference held in Las Vegas in February 2007.

The conference and awards were sponsored by “Casino Enterprise Management” magazine. A panel of judges selected the Top 10 Great Women from among numerous nominees. Staudenmaier was the only lawyer chosen for the honor. Other award winners represented various facets of the gaming industry ranging from casino management, financial management, marketing, human resources and technology.

Staudenmaier’s practice is concentrated in Indian Law, Gaming Law and Business Litigation. She is admitted to the Supreme Court of Arizona, the United States District Court for the District of Arizona, the Ninth and Tenth Circuit Court of Appeals.

Staudenmaier has been published in three issues of The Best Lawyers in America ® from 2005-2007 and is a frequent speaker and author on general litigation, Indian law and gaming issues.

Snell & Wilmer opened its Las Vegas office in the spring of 2001. The firm's Nevada office is composed of more than 30 attorneys with practices in areas including real estate, finance, corporate, litigation, construction law, tax, bankruptcy, labor and employment, gaming legal matters and transactional law, with an emphasis in real estate, finance, and other complex business transactions.

03-09-2007

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Orrick LLP

Trial Approaching for Nvidia, Represented by Orrick
San Francisco litigation partner Karen Johnson-McKewan and securities litigation partner Jim Kramer are quoted in this article about Orrick client Nvidia's upcoming trial concerning a dispute over the value of a former rival's (3dfx) assets, which Nvidia purchased the majority of in 2001. 3dfx went bankrupt shortly after the purchase, and the creditors are now suing Nvidia claiming the price paid was too low, constituting fraud. Nvidia is arguing overpayment of assets.

"Frankly, it sounds ridiculous today to pay $70 million for assets that are worth $14 million, but you also have to put yourself back in time a little bit," Johnson-McKewan said, according to a transcript. "2000 in the Silicon Valley was a very, very different business climate than the one we're in now and the one we've been in for the last several years. All kinds of crazy prices were being paid for transactions in those days that would never be -- that would be unthinkable today. This is one of those transactions."

According to Kramer, "[Nvidia] is pleased with the opportunity to have the issue decided by the court, based on the evidence presented…Nvidia is an honorable company that did the right thing.

03-09-2007

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Rivkin Radler LLP (Long Island)

William M. Savino of Rivkin Radler Receives Excellence in Law Award
The partners of Rivkin Radler are pleased to announce that William M. Savino, of Old Brookville, the firm's managing partner, has received the ExecuLeaders Excellence in Law Award. The announcement was made at the ExecuLeadership Awards Gala on March 1, 2007. The event was held at the Carlyle on the Park, in Bethpage State Park.

"It is an honor to be recognized for my work and commitment to Long Island," said William Savino. "I share this award with my partners and all at Rivkin Radler who work day in and day out to provide excellent legal service to our clients."

The Execuleader Awards were created to afford all members of the Long Island business community with a unique opportunity to nominate praiseworthy candidates for recognition of their leadership qualities. Execuleaders is an association dedicated to educating the business community in methods and techniques of sales, marketing and networking.

In addition to serving as Rivkin Radler's managing partner, Mr. Savino is a member of the firm's Litigation & Appeals Practice Groups.

Bill Savino has long been a champion for Long Island. His values are evidenced not only in the way he leads the firm, but also in his commitment to making Long Island the best that it can be. Active on the board of directors of United Way of Long Island for more than a decade, Mr. Savino was recently elected chairman of the board. United Way makes a tremendous impact in the quality of life on Long Island through its financial support of charities serving our neighbors in need.

Mr. Savino's accomplishments as a business leader include: receiving the 2004 Long Island Distinguished Alumnus Award from Fordham University School of Law; being named among the Long Island Business News' 100 Most Influential Long Islanders; and being named among the 50 Most Influential Long Islanders by The Long Island Press. Among his present roles, Mr. Savino serves as a member of the Board of Directors of Firemen's Fund Indemnity Corporation, is a member of the board of the Long Island Association, and is President of the Villanova Alumni Association. Mr. Savino also served as President of the Nassau County Bar Association from 2003-2004 and served as the Mayor of the Village of Old Brookville, Long Island, New York from 1995-2005.

03-09-2007

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Hiscock & Barclay, LLP

Hiscock & Barclay and Mosaic Federal Affairs Advance The Biorefinery in
Hiscock & Barclay, LLP Attorney Gerry Stack outlines biofuels tax policy as a panel speaker on “The Biorefinery in New York – Commercial Cellulosic Ethanol Today, Not in 2012,” moderated by Michael Brower, Senior Federal Policy Director of Mosaic Federal Affairs, LLC at the Environmental Business Association of New York State’s first annual Biofuels in New York State Conference on Wednesday, March 14, 2007 from 8 a.m. to 5 p.m. at The Crowne Plaza Hotel in Albany, NY. This event will bring together national, state and local leaders to examine the policy drivers, tax credit implications, business challenges and opportunities that are driving the growth of biofuels industry.

Hiscock & Barclay and Mosaic Federal Affairs have assembled the anchor panel of the conference, who are winners of a $10.3 million New York State Agriculture & Markets Cellulosic Ethanol Award, and will offer a dedicated “insiders” discussion on the commercialization of the SUNY ESF wood-to-transportation fuels breakthrough, and the vital tax credits enabling biofuels manufacture. Brower will moderate the discussion reflecting the political “perfect storm” for biofuels. According to Brower, “The Biorefinery in New York" leads the way toward an energy smart economy and further enables an array of clean, alternative, and renewable fuel technologies that not only could help design a more sustainable future, but also could potentially reduce the nation’s dependency on foreign sources of energy.”

The panel includes the following experts:

>Gerry Stack, Co-Chair of Hiscock & Barclay’s Tax Practice Area, who will focus on the applicable advantages of New York State and Federal incentives and credits for the production of biofuels and biomass co-products.

>Cornelius B. Murphy, Ph.D., President of SUNY-Environmental Science and Forestry College, who will address the science behind the Biorefinery in New York.

>Terrance P. Madden, Senior Vice President, O’Brien & Gere Engineers, who will focus on the engineering and design challenges of the State’s Biorefinery, including Mass Balance Analysis of The Biorefinery in New York.

>Carol Thimot, Chief Financial Officer, Catalyst Renewables Corporation/CRC Development, who will focus on the commercialization of ethanol

03-09-2007

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Goldberg & Kohn, P.C.

Judge Confirms Bankruptcy Reorganization Plan for Goldberg Kohn Client
Judge Christopher Sontchi of the United States Bankruptcy Court for the District of Delaware confirmed the plan of reorganization proposed by Home Products International, Inc. ("HPI") and its operating subsidiary on March 8. The Chicago law firm of Goldberg Kohn represented HPI, with Ronald Barliant and Kathryn A. Pamenter leading the representation.

Ms. Pamenter, in her argument to the court, noted that the confirmation hearing was only 75 days after HPI filed its Chapter 11 cases. "The plan was the result of the cooperative efforts of many people," she said.

Mr. Barliant said after the hearing, "It is very professionally satisfying that we were able to confirm a plan in less than three months, have the Court comment upon the case being extremely well run, and have our client emerge from bankruptcy with jobs intact, trade creditor support and a solid balance sheet. Despite its recent critics, Chapter 11 can and does work."

The plan eliminates $116 million of interest bearing notes by exchanging that debt for 95 percent of the company’s new stock. The remaining stock will be issued to HPI’s existing shareholders. The plan also makes available an opportunity to participate in a $25 million convertible notes offering to holders of the debt and former shareholders. All creditors except the holders of the notes are not impaired and will be paid in full.

"This is very good news in that it is a critical first step toward HPI's exit from bankruptcy," commented Don Hotz, Chief Financial Officer of HPI. "We are very proud of the fact that our general unsecured creditors remained unimpaired throughout this process."

The plan was supported by all the holders of the notes who voted, representing more than $93 million of the total $116 million in notes. It was also accepted by holders of 7.7 million shares of HPI stock. Only one stockholder, with 330 shares, rejected the plan.

Mr. Barliant, a principal at Goldberg Kohn and a former bankruptcy judge, and Ms. Pamenter, counsel at Goldberg Kohn, concentrate their practice in the area of debtor representation.

HPI’s bankruptcy became necessary because of a number of factors, such as an increase in resin and steel prices; excess capacity in the marketplace; payments due on a $5.6 million interest payment; bumping up against an availability requirement under a pre-petition financing agreement; an inability to increase prices to compensate for supply increases; and other inflationary factors in play. The company – which employs 700 people throughout four factories in the United States and Mexico – sells its products under the HOMZ™ brand through national and regional retailers.

03-09-2007

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Kramer, Levin, Naftalis & Frankel, LLP

Frischling Wins Independent Fund Counsel of the Year Award
Institutional Investor bestowed upon Carl Frischling its first ever Independent Fund Counsel of the Year award. Carl was presented with the award at a dinner at the Ritz Carlton Battery Park in New York City before 400 mutual fund industry leaders in attendance, including about 25 clients.

The highly coveted awards recognize the fund leaders, marketers and trustees who have made significant impacts on the fund industry over the previous year. The awards are given by the editors of Institutional Investor’s Fund Action and Fund Directions, the leading publications covering the U.S. mutual fund industry.

Kramer Levin was a sponsor of the 14th Annual Mutual Fund Industry Awards.

03-09-2007

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King & Spalding

Safe Product Development For Pharma, Medical Device, Biotech Companies Is Focus of King & Spalding’s March E-Learn Seminar
As part of King & Spalding’s monthly E-Learn Series, an hour-long Web seminar entitled "Weathering the ‘Perfect Storm’ – Tips to Help Pharmaceutical, Biotechnology and Medical Device Companies Manage Unprecedented Product Safety Scrutiny” will be offered to King & Spalding clients on March 20, 2007, at 12:30 p.m. EDT. The seminar will be presented by a panel of King & Spalding lawyers and consultants from the firm’s FDA/Healthcare and Public Policy and Government Advocacy practices.

The seminar will be presented online from 12:30 to 1:30 p.m. EDT. Clients of the firm will be able to participate online, or may view the program at the firm’s offices in Atlanta, Houston, London, New York, and Washington, D.C. Participants in the King & Spalding E-Learn Series generally receive CLE credit for attending the program.

The topics the panelists will address include the following:

* Ongoing and anticipated legislative and regulatory investigations;
* The proactive initiatives the FDA is undertaking;
* The factors that have led to increased drug and device scrutiny;
* How companies can respond effectively to product safety concerns; and
* The consequences of mismanaged product safety.

Panelists
Edward M. Basile is a senior partner in King & Spalding’s FDA/Healthcare practice. He has more than 25 years’ experience advising companies in the medical device, pharmaceutical and biotechnology sectors on strategies for obtaining FDA approvals of news products and compliance issues. He also represents clients in FDA litigation matters.

Daniel F. Donovan is a counsel in the firm’s Public Policy and Government Advocacy practice. He served as Senior Investigative Counsel to the chairman of U.S. Senate Finance Committee from 2003 to 2007. He represents clients in Congressional investigations and in other compliance and enforcement actions by federal and state healthcare enforcement and regulatory agencies.

Beverly H. Lorell, M.D. is a senior medical and policy advisor in the firm's FDA/Healthcare practice. She specializes in clinical trial design of studies for drugs, devices and biologics; review of pre-market submissions; recalls; and assessment of matters involving a risk to health. She was previously Professor of Medicine at Harvard University.

Christina M. Markus is a partner in the FDA/Healthcare practice of King & Spalding. She specializes in the regulation of drugs, biologics and other products by the FDA, DEA and state agencies, representing clients in regulatory compliance and enforcement matters involved with product safety, composition, approvals, labeling and advertising.

03-09-2007

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