Press Release

MoFo Adds Corporate Securities Partner; Allen Z. Sussman Joins in Los Angeles

Los Angeles - April 10, 2001 - Morrison & Foerster announced today that Allen Z. Sussman has joined as Partner in the firm's Los Angeles office. Mr. Sussman, formerly with Brobeck Phleger & Harrison, will maintain his public corporate securities practice focused upon middle-market technology and digital media companies. Dave Babbe, managing partner of the Los Angeles office, noted, "Allen adds depth to our public securities and private equity expertise here in Los Angeles. His technology and entertainment credentials also fit well, and will strengthen our position as one of the area's leading firms representing technology and digital media companies." Mr. Sussman noted that he chose to join Morrison & Foerster for a variety of reasons: "MoFo is a renowned global leader in the technology sector and is one of only a handful of Los Angeles firms with technology practice depth. The firm has leveraged this strength in representing companies at the nexus of technology and entertainment. I see this as a substantial advantage, as digital entertainment companies continue to expand, and rely more heavily on their lawyers to resolve complex legal issues. In addition, the firm's well-known capabilities in representing technology companies abroad will enable me to offer leading edge representation both here and in the foreign markets, such as Asia, where many clients are expanding their operations and sourcing product." Mr. Sussman's practice focuses on corporate securities and general corporate work for technology and media clients. This includes public and private financings, venture capital transactions, mergers and acquisitions, corporate partnering and strategic alliance arrangements, technology licensing and other emerging growth company transactions. He has extensive experience in 1933 Act securities registration work, including IPOs, representing both issuers and underwriters. He also managed more initial public offerings in 2000 than any other lawyer in Los Angeles. Mr. Sussman received his J.D. degree from Boston University School of Law in 1988, where he was Editor of the Annual Review of Banking Law. He began his legal career as an attorney for the Federal Home Loan Bank of San Francisco, focusing on troubled high yield bond portfolios held by savings and loans, then moved to the U.S. Securities and Exchange Commission in Washington, D.C. in 1990 as Senior Counsel in the Financial Institutions Task Force, Division of Enforcement. He joined Brobeck Phleger & Harrison LLP in 1998 as Of Counsel. Morrison & Foerster has been actively involved in representing a wide variety of issuers and underwriters in public and private securities offerings. Over the last decade, this practice has been substantially enhanced by the addition of partners across many of the firm's domestic and foreign offices with experience in public and private finance, project finance, underwriting, tender offers, and venture capital transactions. Morrison & Foerster is one of the largest international law firms with more than 1,000 lawyers in 18 offices worldwide.



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