1/6/09

NEW YORK -- Jonathan M. Landers, nationally recognized authority in bankruptcy and insolvency law, has joined Milberg LLP as a partner. He will be resident in Milberg’s New York headquarters and will head the Firm’s bankruptcy practice.

Mr. Landers has extensive experience in bankruptcy, insolvency, restructuring, financing transactions, purchase/sale of assets and bankruptcy and insolvency litigation matters, representing debtors, lenders and lending syndicates, large creditors, litigation defendants and asset sellers and purchasers. He is one of only sixty-five members of the prestigious National Bankruptcy Conference, a member of the American College of Bankruptcy (founding class), and has been recognized repeatedly in The Guide to the World’s Leading Insolvency Lawyers and The Best Lawyers in America —- most recently in the 2009 edition. Mr. Landers was listed in The Legal 500 US, 2008 edition as a leading corporate restructuring attorney.

“Given the turmoil in the economy, a growing number of individuals and institutions are in need of representation,” said Landers. “After considering numerous options, I joined Milberg because of its first-rate litigation team and its leading efforts in many of the economic and legal issues of the day. Milberg fights tirelessly for justice on behalf of consumers and investors, and, given today’s economic climate, I believe that my area of expertise serves to perfectly complement the Firm’s first-rate financial and litigation practice,” he said.

“This is an auspicious time for Jon to join Milberg and represent those needing counsel on bankruptcy and insolvency,” stated Sanford P. Dumain, the chair of Milberg’s Executive Committee. “His extraordinary stature in the legal, academic and business communities and his legal vision and acumen will provide great value and leadership to the Firm and its practice.”

Before joining Milberg LLP, Mr. Landers served as lead counsel for numerous clients, including: debtors The Finova Group, Inc., Hoop (Disney Stores), Odyssey Group (North Face and Head Sportswear), Divi Hotels and S.S. Retail Stores; secured lenders in the cases of Insilco and Concap I, II, IV, and V (involving real estate loans aggregating $500+MM); and represented Merrill Lynch in the Enron and Adelphia bankruptcies; Wells Fargo Bank in the Placid and Penrod bankruptcies; and Dial Corporation in the Greyhound and Bergner bankruptcies; asset purchasers in the U.S. Aggregates, Greate Bay Casinos, Liquor Barn, Sonic Telecommunications, Grand Palais Riverboat and Rivermeadows (Crescent H Ranch) bankruptcies; and was lead counsel for lending groups (including Wells Fargo Bank, Bracton Corporation, successor to Crocker National Bank, and Bank of Montreal) in numerous workout and restructuring transactions; and Citibank in connection with the liquidation and bankruptcy of a number of major U.S. law firms, most recently, Heller Ehrman, Thelen and Brobeck.

Mr. Landers graduated from Colgate University (where he was elected to Phi Beta Kappa), and magna cum laude from the Harvard Law School (where he was an Editor of the Harvard Law Review). Mr. Landers previously was a partner in Gibson, Dunn and Crutcher and has been a Professor of Law at the Universities of Kansas and Illinois, a Visiting Professor of Law at the University of Chicago, a Visiting Scholar at the American Bar Foundation, a Visiting Professor at the University of California Law School (Boalt Hall), and the Distinguished Visiting Professor at the University of San Francisco Law School.

Mr. Landers is the co-author of three books on bankruptcy/creditors’ rights and civil procedure, and the author of more than 25 published articles on bankruptcy, creditors’ rights and other areas, has testified a number of times before congressional committees, and is a frequent speaker before bar associations and continuing legal education institutes. He is a Contributing Editor of Norton on Bankruptcy, and a member of the Board of Editors of the Norton Bankruptcy Law Advisor.

About Milberg

Milberg LLP has been representing individual and institutional investors for nearly 40 years and serves as lead counsel in federal and state courts throughout the United States. Please visit the Milberg website (www.milberg.com) for more information about the firm.