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Érik Sabbatini and Dominique L'Heureux join the Labour, Employment and Human Rights Practice Group
Claude Auger, Managing Partner of the Québec City and Montréal offices of the law firm Fasken Martineau, is pleased to welcome Érik Sabbatini and Dominique L'Heureux as partners.

Érik Sabbatini and Dominique L'Heureux have practiced labour law for a major Montréal law firm for 13 and 11 years respectively. Fasken Martineau clients will now be able to benefit from their extensive expertise in the field.

"The addition of Érik Sabbatini and Dominique L'Heureux to the labour law practice group reinforces the firm's already well-established reputation in this area of law, and they are a major asset," noted Claude Auger.

Called to the Bar in 1993, Érik Sabbatini has honed his expertise in all matters relating to labour law, notably grievance adjudications, remedies for unlawful and wrongful dismissals, certification and the negotiation of collective agreements, human rights, labour standards, and employment contracts. He provides strategic advice and represents clients before the administrative tribunals and higher courts.

He regularly advises corporate managers as part of corporate reorganizations and transactions involving various labour law issues. He has also acquired leading-edge expertise in occupational health and safety, as well as in the management of workplace attendance.

Mr. Sabbatini teaches classes in occupational health and safety at the École Polytechnique de Montréal. A seasoned lecturer, he also provides corporate managers with various types of training. Érik Sabbatini is a member of the Ordre des conseillers en ressources humaines et en relations industrielles agréés du Québec.

Dominique L'Heureux, for his part, was called to the Bar in 1995. He also has extensive experience in labour and employment law, notably in matters involving the negotiation of collective agreements, grievance adjudication, dispute resolution and strategic planning. In addition, he has particular expertise in mandates involving medico-legal issues, whether in the context of occupational health and safety, the management of absenteeism, or psychological harassment in the workplace.

Recognized for his apt and fair counsel, Mr. L'Heureux proposes practical and creative solutions to employers in the private, public and parapublic sectors. He also provides customized training to corporate managers and is a popular lecturer.

Always up-to-date in matters relating to labour law, Messrs. Sabbatini and L'Heureux are well equipped to offer realistic approaches to the often complex issues put before them.

03-01-2007

DREIER LLP FILES CLASS ACTION LAWSUIT AGAINST NEW CENTURY FINANCIAL CORPORATION (NEW)
Dreier LLP (www.dreierllp.com) today announced that a class action lawsuit was commenced in the United States District Court for the Central District of California, on behalf of purchasers of the common stock and/or call options and sellers of put options of New Century Financial Corporation ("New Century" or the "Company") (NYSE:NEW) during the period April 7, 2006 through February 7, 2007, inclusive (the “Class Period”). The complaint alleges violations of the federal securities laws, including Section 10(b) of the Securities Exchange Act.

If you purchased New Century common stock or call options during the Class Period or sold New Century put options during the Class Period, you may be a member of the proposed Class. You must move the Court on or before April 10, 2007 if you wish to serve as a lead plaintiff. Lead plaintiffs must meet certain legal requirements. To learn more about this lawsuit or if you are interested in serving as a lead plaintiff, please contact Plaintiffs’ counsel, Daniel B. Scotti (classlaw@dreierllp.com) of Dreier LLP at 800-952-8897. Class members may retain counsel of their choice and move the Court to serve as a lead plaintiff, or may choose to do nothing and remain absent class members.

New Century is a real estate investment trust and mortgage finance company headquartered in Irvine, California. The Complaint alleges that, throughout the Class Period, Defendants issued materially false and misleading statements regarding the Company’s business and financial results and failed to disclose, among other things, that: (1) the Company was under-reserving for loan losses as conditions in the sub-prime industry deteriorated; (2) the Company failed to take timely write-downs for residual interests in securitizations; (3) the Company lacked adequate internal and financial controls; (4) the Company’s financial statements were not prepared in accordance with Generally Accepted Accounting Principals (“GAAP”); and (5) the Company’s statements about its financial well-being and future business prospects were lacking in any reasonable basis when made. The Complaint further alleges that, as a result of these false statements and omissions, New Century securities traded at artificially inflated or distorted prices. On February 7, 2007, after the close of trading, New Century shocked investors when it announced that it would have to restate its 2006 financial statements, since they were not prepared in accordance with GAAP. In reaction to this news, the price of the Company’s stock declined $10.92 per share, or 36%, to close on February 8, 2007 at $19.24 per share, on unusually heavy trading volume. Plaintiffs seek to recover damages on behalf of all members of the proposed Class.

03-01-2007

DREIER LLP FILES CLASS ACTION LAWSUIT AGAINST NOVASTAR FINANCIAL, INC. (NFI)
Dreier LLP (www.dreierllp.com) today announced that a class action lawsuit was commenced in the United States District Court for the Western District of Missouri, on behalf of purchasers of the common stock and/or call options and/or sellers of put options of NovaStar Financial, Inc. ("NovaStar" or the "Company") (NYSE:NFI) during the period May 4, 2006 through February 20, 2007, inclusive (the “Class Period”). The complaint alleges violations of the federal securities laws, including Section 10(b) of the Securities Exchange Act.

If you purchased NovaStar common stock or call options during the Class Period or sold NovaStar put options during the Class Period, you may be a member of the proposed Class. You must move the Court on or before April 24, 2007 if you wish to serve as a lead plaintiff. Lead plaintiffs must meet certain legal requirements. To learn more about this lawsuit or if you are interested in serving as a lead plaintiff, please contact Plaintiff’s counsel, Daniel B. Scotti (classlaw@dreierllp.com) of Dreier LLP at 800-952-8897. Class members may retain counsel of their choice and move the Court to serve as a lead plaintiff, or may choose to do nothing and remain absent class members.

NovaStar is a real estate investment trust (“REIT”) that is headquartered in Kansas City, Missouri. The Company describes itself as a specialty finance company that originates, invests in and services residential nonconforming loans. The Complaint alleges, among other things, that: (i) NovaStar’s reported financial results during the Class Period were falsely inflated; (ii) Defendants misrepresented the quality of the Company’s mortgage loan portfolio and its ability to pay dividends; (iii) Defendants failed to disclose that the Company’s reported financial results and projections were based upon faulty assumptions because of inadequate internal controls; and (iv) Defendants failed to disclose that the Company lacked a reasonable basis to make projections regarding its ability to maintain its status as a REIT. The Complaint further alleges that, as a result of these false statements and omissions, NovaStar’s securities traded at artificially inflated or distorted prices. On February 20, 2007, after the close of trading, NovaStar shocked the market by announcing disappointing fourth quarter and year end 2006 financial results and warning that the Company expected to make very little, if any, REIT taxable income for the next four years. In reaction to this news, the price of the Company’s stock declined more than 30% on extremely high trading volume. The Plaintiff seeks to recover damages on behalf of all members of the proposed Class.

The Plaintiff is represented by Dreier LLP and Gutride Safier LLP. Dreier LLP’s Class Action Litigation Group has vast experience representing domestic and foreign institutional and individual investors in securities and other class actions throughout the country. The partners who head Dreier LLP’s Class Action Litigation Group have successfully prosecuted securities fraud class actions in a wide variety of industries and have played a significant role in cases that have resulted in some of the largest securities class action settlements.

03-01-2007

Davis Polk Advises Oracle on Its Acquisition of Hyperion
Davis Polk & Wardwell is advising Oracle Corporation on its acquisition of Hyperion Solutions Corporation. Hyperion is a leading global provider of performance management software solutions. Oracle is the world's largest enterprise software company.

According to the terms of the transaction, Oracle will acquire Hyperion through a cash tender offer for $52.00 per share, or approximately $3.3 billion. The transaction is subject to customary conditions and is expected to close in April 2007.

The Davis Polk corporate team includes partner William M. Kelly and associates Sam Kelso, Beth Hooton Ruiz, Stephen Salmon and Tobias Bage. Partner Rachel D. Kleinberg is providing tax advice and associates Cynthia Akard and Jeffrey M. Smith are providing employment advice. Partner Steven S. Weiner and associate Vishnu Reddy are providing intellectual property advice. All members of the Davis Polk team work in the Menlo Park office.

03-01-2007

Damon & Morey IT Team Member Named To The CMS Users Group’s Board of Directors
Damon & Morey LLP is pleased to announce that Bonnie J. Pyzikiewicz was named to the CMS Users Group’s Board of Directors.

The CMS Users Group is an international virtual community of over 1,200 users of CMS Open, a Windows-based practice management and time/billing system for professional service organizations. Members includes law firms, accounting firms, consulting firms, actuarial firms, educational institutions, corporate legal departments, and insurance companies. In her role as Board Member, she will oversee membership, address user issues, assess product enhancements recommended by the user community, and review third-party products that integrate with Aderant.

Ms. Pyzikiewicz currently works in Damon & Morey’s Information Technology Department as the firm’s Aderant Administrator. She also volunteers as the webmaster for the Buffalo Chapter of the Association of Legal Administrators. In 2006, she previously served on the Aderant/International Legal Technology Association Steering Committee.

Ms. Pyzikiewicz is a graduate of Bryant & Stratton Business Institute and Cheektowaga Central.

03-01-2007

GrayRobinson Announces New Shareholders
GrayRobinson is pleased to announce that Jonathan P. Kilman, Alec D. Russell and Cheryl Thompson have become shareholders with the firm.

Jonathan P. Kilman, a shareholder in Orlando, concentrates his practice in the areas of governmental affairs, litigation and administrative matters and regularly works with Florida's executive and legislative branches of government on behalf of his clients. Kilman attended law school at Harvard University, where he graduated in 2000.

Alec D. Russell, a shareholder in Melbourne, practices in the area of civil litigation with a focus on maritime and employment law. Alec attended law school at the University of Florida School of Law, where he graduated with honors in 1999. While attending law school, Alec clerked for Judge Maurice V. Giunta, Circuit Court Judge in and for Alachua County, Florida.

Cheryl Thompson, a shareholder in Tampa, practices in the areas of commercial litigation, bankruptcy and creditor's rights. Thompson attended law school at Tulane Law School, where she graduated in 1992. Prior to joining GrayRobinson, Cheryl served as a judicial clerk to Hon. C. Timothy Corcoran, III, United States Bankruptcy Judge, Middle District of Florida.

03-01-2007

Candace Bankovich Joins Dann Pecar Newman & Kleiman
Candace Bankovich has joined the law firm of Dann Pecar Newman & Kleiman, P.C., as an of counsel attorney.

Prior to joining Dann Pecar Newman & Kleiman, Ms. Bankovich was a labor and employment attorney with Jones Day, in Columbus, Ohio, where she was responsible for counseling and representing management in all aspects of labor and employment law. She has litigated before various state and federal courts at the trial and appellate levels, and before the National Labor Relations Board, Equal Employment Opportunity Commission, United States Department of Labor, and related state agencies. She is admitted to practice in Indiana, Ohio, and Pennsylvania. Ms. Bankovich graduated from Indiana University School of Law-Indianapolis, magna cum laude, 1996, after completing her undergraduate studies at Northwestern State University of Louisiana.

02-28-2007

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