For Tyco and WorldCom Trials

WHAT: Legal commentary during the trials of Dennis Kozlowski,
former Chief Executive Officer of Tyco International, and
Bernard Ebbers, former Chief Executive Officer of WorldCom.

WHO: Timothy E. Hoeffner, Partner and Co-Chair of the Corporate
Governance Industry Service Team, Saul Ewing LLP. Mr.
Hoeffner concentrates his practice in complex securities and
business litigation, white collar crime, crisis management,
and counseling on corporate governance issues.

WHEN: Available as needed beginning immediately.

WHERE: Available by telephone and in studio, as required.

Timothy E. Hoeffner chairs Saul Ewing's Corporate Governance Practice and is a regular commentator on securities law, white collar crime, and corporate governance issues for television, radio, and print media. He has provided commentary for The Wall Street Journal, The Boston Globe, The Philadelphia Inquirer, Associated Press, Bloomberg Radio, as well as local television stations. He is also the author of articles entitled Prosecutors Too Bold, The National Law Journal, and State-Federal Cooperation on Securities Enforcement Essential to Investor Protection, The Legal Backgrounder, which articles discuss these cases. The articles can be accessed at http://www.saul.com/common/publications/pdf_246.pdf and http://www.saul.com/common/publications/pdf_572.pdf.

Mr. Hoeffner is prepared to speak to issues relating to the Kozlowski/Ebbers trials, including (i) the trend of prosecuting senior executives, (ii) the likely strategies to be employed by the government and the defense, (iii) the potential weaknesses in the case against Ebbers, and (iv) the impact that the first trial of Kozlowski will have on his current trial.

Mr. Hoeffner has represented numerous high-profile clients, including the Enron Corporation in various civil cases and aspects of bankruptcy proceedings, including recovery of $88 million in a material adverse change case against Dynegy, and the defense of shareholder and ERISA class actions. His current representations include the former Chairman of the Board and several other former directors of Cendant Corporation in a number of matters arising from the company's disclosure of alleged accounting irregularities that involves the payment by the corporation and its auditors of more than $3 billion in the largest securities class action settlement in history. Mr. Hoeffner also represented Sotheby's in connection with litigation arising from the alleged price-fixing arrangement with Christie's.

Saul Ewing LLP is a 250-attorney firm providing a full range of legal services from offices in seven locations throughout the Mid-Atlantic region. Our clients include regional, national, and international businesses and nonprofit institutions, individuals, and entrepreneurs.

Contacts

Saul Ewing LLP
Karen S. DiPrima, 215-972-7721
kdiprima@saul.com