THEODORE ALLEGAERT JOINS CARTER LEDYARD & MILBURN LLP

NEW YORK, December 9, 2008 – Carter Ledyard & Milburn LLP is pleased to announce that Theodore Allegaert has joined the firm as Counsel, effective December 3, 2008. Mr. Allegaert will continue his practice in national litigation and business counseling in the firm’s Litigation Department and will work from the New York office, located on Wall Street. He is admitted to practice in New York and California, and was previously a senior associate at Weil Gotshal & Manges LLP.

“We are pleased to welcome Ted to our firm,” said Lawrence F. Carnevale, member of the Executive Committee and Chair of the Litigation Department at Carter Ledyard. “His arrival presents particularly exciting opportunities to strengthen and expand our regulatory and securities related litigation practice areas.”

Mr. Allegaert’s practice focuses on national litigation and business counseling encompassing antitrust, consumer protection and UDAP statutes, securities, credit regulation, bankruptcy, patent, and a range of other commercial subject matters. He has had substantial pre-trial, trial and appellate experience in federal and state courts in over fifteen states, and is particularly experienced in managing teams of lawyers in federal multi-district litigation and related cases in multiple state forums. Mr. Allegaert has further experience in the legal analysis of strategic business issues and risks, in representing companies in negotiations with vendors and licensors, and in the drafting of corporate policies, procedures, and consumer contracts.

Prior to entering private practice, Mr. Allegaert served as a law clerk to U.S. District Judge Rudolph T. Randa (E.D. Wis.), and as a law clerk to the Hon. Ellsworth A. Van Graafeiland of the United States Court of Appeals for the Second Circuit. From 1998-2001, Mr. Allegaert was an associate in the litigation department of Wilson Sonsini Goodrich & Rosati P.C. in Palo Alto, California.

Mr. Allegaert earned a B.A. with concentrations in English and Sciences from Columbia College in 1987. He received his J.D. cum laude from The University of Chicago Law School in 1996, where he was a member of The University of Chicago Law Review. Mr. Allegaert is fluent in French and Italian, and has a basic knowledge of Spanish.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 104 attorneys and has been headquartered on Wall Street since its founding and has additional offices in midtown Manhattan and Washington, DC. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, trusts and estates, maritime, ERISA, 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.