Noted Antitrust Practitioner Charles Rule Joins Cadwalader

    NEW YORK, April 16 /CNW/ - Cadwalader, Wickersham & Taft LLP announced
today that noted antitrust lawyer Charles ("Rick") Rule will join the firm as
the head of the firm's antitrust practice. Mr. Rule will be resident in
Cadwalader's Washington, D.C. office. Mr. Rule, the former head of the
antitrust practice at Fried, Frank, Harris, Shriver and Jacobson LLP, has
represented a number of the world's largest corporations in connection with
private antitrust litigation, major transactions and civil and criminal
investigations by antitrust authorities around the world.

    Cadwalader Chairman Robert O. Link, Jr. stated, "Issues of competitive
risk come into play whether a company is buying, selling or merging.
Broadening the foundation from which we can offer antitrust counseling and
compliance and litigation services is a key component of extending our
services to a large segment of our client base. We look forward to working
with Rick to exploit synergies, enhance services for our clients and take
advantage of new opportunities."

    Mr. Rule noted that, "Cadwalader provides a tremendous platform for my
practice. The firm's Litigation and Corporate Departments are outstanding and
will compliment my practice well. I look forward to working with the firm's
impressive list of diverse clients, from prominent financial institutions to
leading corporations. Together with my new colleagues at Cadwalader, I believe
we can provide uniquely capable, knowledgeable and experienced service.

    "In particular, with the convergence of the U.S. and European markets and
the emergence of Chinese businesses in international transactions, clients now
more than ever need a forward-thinking legal team to help them navigate the
maze of conflicting rules and regulations. With Cadwalader offices in each of
these key regions, I look forward to helping clients by providing the
cross-border capacity and global insight they need."

    Among Mr. Rule's past representations include: Microsoft Corporation; US
Airways Inc.; Northrop Grumman Corporation; Goldman, Sachs & Co.; the National
Basketball Association; Bacardi & Company Ltd.; and Goodyear Tire and Rubber
Co. He was a key member of the team that negotiated on behalf of Microsoft a
conclusion to the historic antitrust lawsuit that the U.S. Justice Department
and a number of states pursued against the company. He has also been involved
in the antitrust clearance of some of the highest-profile mergers in recent
years, including Exxon Corporation's merger with Mobil Oil Corporation and MGM
Mirage in its acquisition of Mandalay Bay. He currently represents Delta &
Pine Land Co. in its acquisition of Monsanto.

    Mr. Rule joined Fried, Frank, Harris, Shriver & Jacobson LLP in 2001,
following his tenure as a partner at the Washington law firm of Covington &
Burlington, where he was chairman of the firm's antitrust and trade regulation
practice group. Prior to private practice, he held various positions with the
Antitrust Division of the U.S. Justice Department, including serving as
William Baxter's special assistant and as acting head of the Division, before,
in 1986, becoming the youngest person ever to be confirmed to the position of
Assistant Attorney General in charge of the Antitrust Division.

    "Rick's rich and varied career at the DOJ and in private practice has
resulted in his national reputation for his technical excellence, legal
insight and business acumen. His experience fills a strategic niche in our
Litigation Department, adding a level of capability that allows us to better
serve clients with competition matters," stated Gregory A. Markel, Chairman of
the firm's Litigation Department.

    A summa cum laude graduate of Vanderbilt University in 1978, Mr. Rule
received his J.D. from the University of Chicago in 1981. Following law
school, he served as a clerk for Chief Judge Daniel M. Friedman of the former
United States Court of Claims (now the Court of Appeals for the Federal
Circuit). He is listed among the world's leading antitrust lawyers by a
variety of publications, including Chambers Global: The World's Leading
Lawyers for Business (2006 edition) and Washington's Legal Times. He has
written extensively and is a frequent lecturer on antitrust and regulatory
topics. A former distinguished adjunct professor of law at American
University's Washington College of Law, Mr. Rule is a member of the Advisory
Board of BNA's Antitrust & Trade Regulation Report; a member of the advisory
boards of the Washington Legal Foundation and the Landmark Legal Foundation;
sits on the Board of Directors of the Children's Law Center; and serves on the
Visiting Committee of the University of Chicago Law School. He is admitted to
the bar in the District of Columbia.

    About Cadwalader, Wickersham & Taft LLP

    Cadwalader, Wickersham & Taft LLP, established in 1792, is one of the
world's leading international law firms, with offices in New York, London,
Charlotte, Washington and Beijing. Cadwalader serves a diverse client base,
including many of the world's top financial institutions, undertaking business
in more than 50 countries in six continents. The firm offers legal expertise
in antitrust, banking, business fraud, corporate finance, corporate
governance, environmental, financial restructuring and reorganizations,
healthcare, insurance and reinsurance, litigation, mergers and acquisitions,
private client, private equity, real estate, securities and financial
institutions regulation, securitization, structured finance, and tax. More
information about Cadwalader can be found at

For further information:

For further information: Cadwalader, Wickersham & Taft LLP Claudia
Freeman, +1 212 504 6470 or Kaitlin Jaxheimer, +1 212
445 8261

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