Press Release

Morrison & Foerster Expands Corporate Finance Practice in Los Angeles with Addition of Corporate Securities Partner

2/15/2005

Los Angeles, February 15, 2005 - Morrison & Foerster announced today the addition of Hillel Cohn, a corporate securities partner to its Corporate Finance Practice. Mr. Cohn joins Morrison & Foerster from Squire, Sanders & Dempsey and was formerly with Graham & James, until Squire acquired their Los Angeles office in 2000.

Mr. Cohn has extensive experience representing public companies in their SEC reporting, compliance, special committee representation, internal investigations and corporate governance matters. His international practice, focusing on Asia, will complement Morrison & Foerster's existing strength in that region. Mr. Cohn has had extensive dealings with cross-border transactions and international securities offerings.

Wetmore, Chair of Morrison & Foerster, added: "Hillel's corporate securities practice in an international environment is a great addition to our Corporate Finance Practice. Hillel's practice will fit nicely into a large firm like ours with key practice areas in worldwide centers that can serve his clients who need counsel in several areas of law."

Michael Cohen, Head of Morrison & Foerster's Corporate Finance Practice in Los Angeles, stated: "We are seeing substantially increased activity in the Southern California public and private corporate securities market, including the venture capital and private equity arenas. Hillel complements our existing practice in these areas and represents another step in our efforts to significantly enhance our depth and breadth in the Southern California corporate practice. We are delighted to welcome him to the Los Angeles office."

Mr. Cohn was a former Counsel with the SEC and has been in private practice for more than 20 years. He commented, "I am delighted to bring my corporate securities practice to Morrison & Foerster. I will be able to utilize Morrison's worldwide platform and access the Firm's wide range of practices beyond corporate finance in areas that are critical to my client's success, such as intellectual property, labor, real estate and litigation."

Several of Mr. Cohn's clients are in the technology and life sciences sectors and in many instances he serves as their outside general counsel. He also represents mortgage lenders, securities dealers and investment advisors and has worked on important matters such IPOs, secondary equity offerings, debt offerings, registration of interests in real estate and mortgage funds and acquisitions of public companies. He has represented several public companies included in SEC investigations and internal investigations of suspected wrongdoing.

Mr. Cohn earned his J.D. from Harvard University and his undergraduate degree from Tufts University. He has lectured on business law matters before various business, legal and accounting groups in the United States, Japan and China, and is co-author of an article on international securities transactions published by Euromoney. He has been an instructor in securities law at California State University at Los Angeles.

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