NEW YORK, NY, October 21, 2004 LAWFUEL – Law firm, legal, attorne…

NEW YORK, NY, October 21, 2004 LAWFUEL – Law firm, legal, attorney, law news– Leveraging its leadership in litigation and arbitration, the international law firm Milbank, Tweed, Hadley & McCloy LLP has announced that James N. Benedict and Sean Murphy will join the firm’s New York office as partner and of counsel, respectively.

Commenting on the appointment, David Gelfand, partner and head of Milbank’s Litigation Practice, stated, “We are extremely pleased to have Jim Benedict, one of the most experienced and successful class action and derivative suits lawyers in the United States, and Sean Murphy, who specializes in securities and antitrust matters, join Milbank. Milbank has one of the leading teams in the country focusing on the litigation needs of financial institutions, ranging from regulatory investigations to commercial litigation to insolvency proceedings. The addition of Jim and Sean will allow us to expand our focus on the litigation needs of investment banks, investment advisers and other major financial institutions, as well as to address with greater depth the needs of our clients faced with class and derivative actions.”

Prior to joining Milbank, JAMES N. BENEDICT was a litigation partner in the New York office of Clifford Chance LLP. His practice focuses on complex commercial litigation, with an emphasis on multi-party class and derivative suits in state and federal courts throughout the nation. With more than 30 years’ experience, Mr. Benedict has handled a broad range of trial and appellate civil litigation, including securities, antitrust and other issues, for some of the largest corporations in the United States. He has led more than 250 major class and shareholder derivative actions alleging violations of state and federal antitrust and securities laws. Mr. Benedict has also successfully defended numerous excessive management fee suits and other actions mounted against investment companies and their advisors. He frequently lectures and has authored a number of articles on class actions and other litigation matters.

SEAN MURPHY, formerly a partner in the litigation department of Clifford Chance, joins Milbank as of counsel. His practice focuses on complex securities and antitrust matters. Mr. Murphy has defended companies in class action and derivative litigation filed in numerous state and federal courts, often involving regulatory investigations by federal or state agencies. He also has experience in a broad range of antitrust issues, including deal structuring, exchanges of information, trade association membership, and vertical agreements and relationships. He has worked extensively on antitrust investigations by the FTC and the Justice Department, and has obtained regulatory clearance on mergers, acquisitions and joint ventures involving assets of over $1 billion. Murphy has written a number of articles on securities class action litigation.

Milbank, Tweed, Hadley & McCloy LLP is a recognized leader in litigation and arbitration, representing major corporations and financial institutions worldwide. Milbank litigators take an informed and creative approach to resolve a wide variety of complex litigation cases, including disputes arising from financial and other transactions, such as mergers and acquisitions, proxy battles, international and domestic financings, corporate restructurings, securities offerings and real estate workouts, and the defense of class actions and shareholders derivative suits. The Group’s attorneys are at the forefront of the Sarbanes-Oxley Act and other laws, exchange regulations, and other emerging legal developments relating to securities litigation, bankruptcy, antitrust, accountants’, lawyers’, and other professionals’ liability, director and officer liability, contract disputes and insurance matters. Milbank also has a well-established white-collar criminal practice, and has developed a specialized intellectual property litigation practice. The Firm’s cross-disciplinary approach enables Milbank litigators to work closely with attorneys in other practice areas. DAVID R. GELFAND
MILBANK, TWEED, HADLEY & MCCLOY LLP
ONE CHASE MANHATTAN PLAZA
NEW YORK, NY 10005-1413
Tel: 212-530-5520
Fax: 212-822-5520
e-mail: [email protected]

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