Davis Polk Elects Four New Partners

Business Wire, July 13, 2004

NEW YORK -- Davis Polk & Wardwell is pleased to announce that Martine M. Beamon, Michael S. Flynn, Sartaj S. Gill and Martin A. Wellington have been elected partners of the firm as of July 1, 2004. Davis Polk now has 146 partners in its offices in New York, Menlo Park, Washington, D.C., London, Paris, Frankfurt, Madrid, Hong Kong and Tokyo.

Ms. Beamon is a litigator concentrating in white collar criminal defense, securities enforcement actions and complex commercial litigation matters. Prior to returning to Davis Polk in 2000, she spent five years as an Assistant United States Attorney for the Southern District of New York. Among the corporate clients she recently has represented are Altria Group, Deloitte & Touche LLP, Pfizer and PricewaterhouseCoopers. She also has worked on a number of confidential internal investigations on behalf of clients facing potential criminal and regulatory exposure.

Mr. Flynn is a litigator concentrating in complex commercial, bankruptcy and securities litigation. He has recently represented several major accounting firms, including Deloitte & Touche LLP and KPMG LLP; the creditors committee in the Dow Corning bankruptcy proceedings; various major lenders in bankruptcy matters; Compaq Computer Corporation and other defendants in securities class actions; and the Judicial Council of the Fifth Circuit in an investigation of, and subsequent proceedings with respect to, judicial misconduct.

Mr. Gill is a corporate lawyer concentrating in financing transactions, including acquisitions financings, debt restructurings, and bridge, exit and other financings. He has recently advised JPMorgan Chase, Morgan Stanley, Bank of America and other major lenders on numerous financings, including the restructuring of Conseco, the acquisition of Celanese and the refinancing of Kindred Healthcare.

Mr. Wellington is a corporate lawyer located in Menlo Park who concentrates in mergers and acquisitions, securities offerings and other corporate transactions. He has recently advised on the sale by Opsware (formerly known as Loudcloud) of its managed services business to EDS; the initial public offering of Callidus Software; the sale by Westar Energy of its interests in Protection One; and convertible note offerings by Yahoo!, Mercury Interactive, Red Hat, Veritas Software and Cadence Design Systems. Prior to joining Davis Polk in 1999, Mr. Wellington spent four years at the United States Department of State.

If you have questions about this news release, please call the Davis Polk & Wardwell Business Development Office, 212 450 6811.