Bernstein Litowitz Berger & Grossmann Announces Prominent Securities Law Professor Elliott Weiss to Join Firm as Counsel.

NEW YORK -- Elliott J. Weiss, one of America's most highly respected experts in securities and corporate law, is joining the law firm of Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") as Counsel. Professor Weiss comes to BLB&G after a remarkable career teaching, writing and lecturing, having strongly influenced and directed public policy regarding our capital markets.

After nearly three decades of commitment to the development of young lawyers at several of the country's finest academic institutions, Professor Weiss is retiring from his post as the Charles E. Ares Professor of Law at the University of Arizona's Rogers College of Law. Professor Weiss has written and lectured extensively on securities litigation and corporate law throughout his career. Among his many published works, Professor Weiss was the lead co-author of "Let the Money Do the Monitoring: How Institutional Investors Can Reduce Agency Costs in Securities Class Actions" {104 Yale L.J. 2053 (1995)}, which proposed new rules governing the organization of securities class actions. Congress based the lead plaintiff provisions of the Private Securities Litigation Reform Act of 1995 on that article and thus changed dramatically the dynamics of the securities class action litigation process.

Professor Weiss also was the first Executive Director of the Investor Responsibility Research Center, where he did groundbreaking work on institutional investors' responsibility for corporate governance issues, and has served as a member of the National Adjudicatory Council of NASD-Regulation and as a consultant to the United States' Securities and Exchange Commission.

BLB&G is the #1 ranked securities law firm in the United States having the highest average recoveries - and well over $8 billion in total recoveries - for investors over the last two years (Institutional Investor Services 2005). By joining the firm, Professor Weiss is continuing a long career defending the rights of investors and demanding responsible behavior from corporate management.

A member, past and present, of numerous esteemed professional associations, including the American Law Institute, Professor Weiss has been a force for positive change in the legal, financial and business communities. He is a graduate of Dartmouth College and Yale Law School and a member of the bar of the State of New York.

"I'm very excited about this new phase in my career," Professor Weiss said. "BLB&G has a well-earned reputation for representing investors diligently, creatively, ethically and responsibly. I hope I can assist them in achieving successes in the future comparable to those they have achieved in the past."

BLB&G prosecutes class and private actions on behalf of individual and institutional clients. The firm has obtained five of the seven largest securities recoveries in history on behalf of investors, including the $6.15 billion recovery in In re WorldCom, Inc. Securities Litigation after four weeks of trial, and the $3.2 billion recovery in In re Cendant Corporation Securities Litigation. The firm has also achieved precedent-setting corporate governance reforms on behalf of our clients, changing corporate business practices for the better across the country. According to The Wall Street Journal, the events and the case law arising from the WorldCom litigation have "shaken Wall Street, the audit profession and corporate boardrooms." (May 2005)

As a result of the firm's accomplishments, it has also been the subject of feature articles in BusinessWeek, The American Lawyer, and The National Law Journal, among others, and is one of only 12 firms on The National Law Journal's "Plaintiff's Hot List" - a listing of the top American-based firms in representing plaintiffs.

"We are honored that Professor Weiss has chosen to continue his fight for equitable and open capital markets with our firm. We believe that his involvement in our securities litigation practice is a true asset for investors across the country," said BLB&G founding partner Max Berger.

Professor Weiss will continue to reside in Tucson, Arizona and to maintain an office at the Rogers College of Law, 1201 E. Speedway Blvd., Tucson, AZ 85721. He can be reached by telephone at [phone], by telefax at [phone], and by e-mail at [e-mail].