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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

AARON R. CAHN JOINS CARTER, LEDYARD & MILBURN

--As Counsel in the Bankruptcy Practice Group--

NEW YORK, February 1, 1999 - Carter, Ledyard & Milburn announced that Aaron R. Cahn has joined the firm today as Counsel in its Bankruptcy Practice Group. Mr. Cahn was previously with Olshan Grundman Frome & Rosenzweig.

Mr. Cahn's practice encompasses the representation of banks and financial institutions in finance and loan transactions, recovery and enforcement litigation, foreclosures and replevin actions, restructurings, workouts, bankruptcy proceedings and related state and federal court litigation. He has experience in commercial multi-and single-asset real estate bankruptcies, real estate foreclosures as well as real estate workouts and restructurings. He has worked with both sellers and acquirors of debt and equity positions and assets of troubled, distressed and bankrupt entities. Mr. Cahn has also represented creditors in state and federal court litigation, including loan recovery, enforcement proceedings and secured loan litigation and the defense of lender liability, usury and modification claims.

"We are pleased to have Aaron Cahn joining our firm," said Robert A. McTamaney, Chair of the firm's Corporate Department. "Aaron's vast bankruptcy experience enhances our firm's capabilities in the field while also adding to our litigation arsenal. We are also pleased to add his skills in all phases of secured lending to bolster our capabilities in that area."

Mr. Cahn, 50, received his J.D. from Brooklyn Law School in 1974 and his B.A. from Duke University in 1970. He is admitted to practice in New York and New Jersey as well as the U.S. District Courts of Southern and Eastern Districts of New York, the District of New Jersey and the U.S. Court of Appeals for the Second and Third Circuits. Mr. Cahn resides in Woodmere, New York.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.

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