Devlin Explains Independent Examiner Role

Devlin Explains Independent Examiner Role

"Subprime Fallout Could Lead to More Independent Examiners", The Legal Intelligencer

August 16, 2007

Cathleen M. Devlin, a Partner in the Litigation Department and member of the Firm's Corporate Governance Practice Group, is quoted extensively in this front-page news article in The Legal Intelligencer about independent examiners and their value in facilitating internal investigations in anticipation of or in the wake of SEC investigations, both in the subprime lending arena and otherwise across corporate America.

Ms. Devlin served as counsel to the independent examiner of Time Warner Inc. in an SEC-mandated investigation of accounting for advertising revenues, which resulted in the restatement of nearly $600 million in revenues by the company dating back to 2000.

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