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FTC DIRECTOR TO JOIN ROGERS & WELLS, EXPANDING FIRM'S ANTITRUST ADVISORY & LITIGATION PRACTICE

 FTC DIRECTOR TO JOIN ROGERS & WELLS,
 EXPANDING FIRM'S ANTITRUST ADVISORY & LITIGATION PRACTICE
 NEW YORK, Oct. 19 /PRNewswire/ -- Kevin J. Arquit, director of the Bureau of Competition of the Federal Trade Commission, today announced that he will leave his post to become a partner of the international law firm of Rogers & Wells. Mr. Arquit will lead the firm's Antitrust Practice Group and will be based in both the New York and Washington offices.
 As Bureau Director, a position he has held since 1989, Mr. Arquit implemented a program widely perceived as reversing the minimalist federal enforcement agenda of the '80s. In the past three years, FTC antitrust investigations climbed steadily in number and broadened in scope as the agency examined new areas such as the computer and high technology industries, reactivated traditional areas of investigation such as vertical price fixing and tie-ins, and revived its authority under Section 5 of the Federal Trade Commission Act, which forbids "unfair methods of competition," through suits charging price signalling, facilitating practices and invitations to collude. The increased intensity has been paralleled by significant success: in mergers & acquisitions, the Bureau has prevailed in 37 of 39 transactions that the FTC challenged during Mr. Arquit's tenure. Over 30 other transactions were abandoned after the Bureau of Competition started its investigation.
 "With his years of FTC experience, Mr. Arquit will be able to help our clients to evaluate whether a merger is likely to be challenged, either by a government agency or a private litigant and to defend the company if it is," stated James M. Asher, Rogers & Wells' managing partner.
 Mr. Arquit noted that he was attracted to Rogers & Wells because of the firm's sophisticated mergers & acquisitions practice, extensive litigation experience and large international client base. "With the convergence of global markets and increasing regulatory cooperation by national enforcement agencies, antitrust issues are becoming an ever greater legal concern for international companies," he stated. "The role of outside counsel is to sensitize clients to the antitrust implications of their business activities."
 On the international side, as Bureau Director, Mr. Arquit was centrally involved in the drafting of the bilateral agreement between the European Economic Community and the United States for coordinated antitrust enforcement activities, and he recently led an FTC delegation to Brussels to provide a training seminar for the staff of the EEC's newly created Merger Task Force. Mr. Arquit also oversaw staff efforts to assist in the development and implementation of antitrust law and enforcement institutions for emerging nations in Central and Eastern Europe.
 Mr. Arquit also supervised the drafting and implementation of the new Horizontal Merger Guidelines issued by the FTC and the U.S. Department of Justice, the first set of guidelines for merger analysis to be jointly adopted by the two agencies.
 FTC Chairman Janet D. Steiger stated, "Kevin's service as Bureau Director has been outstanding and I am delighted with the recognition his new opportunities and challenges reflect. Such recognition was inevitable given his remarkable ability to grasp and articulate the complex body of antitrust law with such reason and clarity."
 Prior to becoming Bureau Director in October 1989, Mr. Arquit served as general counsel of the FTC, a position he assumed in September 1988. He joined the Commission in July 1986 as an attorney advisor to the chairman, and then served as executive assistant to the chairman and chief of staff of the FTC.
 Before serving in the federal government, Mr. Arquit practiced antitrust and unfair competition law at the law firm of Harris, Beach & Wilcox in Rochester, N.Y., from 1983 to 1986. Before that, he was an associate of the law firm of Fish & Neave in New York, where he focused on patent, trademark and other intellectual property issues.
 Mr. Arquit graduated from St. Lawrence University, cum laude, in 1975 with a B.A. in political science and economics. He obtained his law degree in 1978, cum laude, from Cornell Law School where he was vice chancellor of the Moot Court Board.
 Mr. Arquit joins an antitrust practice at Rogers & Wells that is well known for its contributions to the development of federal antitrust law. In the '30s and '40s, the firm defended Twentieth Century Fox in U.S. v. Paramount, the U.S. antitrust suit that ultimately led to the divestiture of motion picture exhibition from production and distribution. In the '50s and '60s, Rogers & Wells defended Procter & Gamble's acquisition of Clorox in the first conglomerate merger attacked by the FTC under amended Section 7 of the Clayton Act. Today, the firm's antitrust practice is international in focus, serving clients in such industries as banking and financial services, insurance, technology, real estate, health care, pharmaceuticals, transportation, heavy construction equipment, car rentals, advertising, broadcasting, food, building and construction, publishing, professional sports and mining, metals and petrochemicals.
 Mr. Arquit is the second new partner of Rogers & Wells announced this month. John K. Carroll, formerly Assistant U.S. Attorney and chief of the Securities and Commodities Fraud Task Force for the Southern District of New York, has joined the firm's White Collar Crime Defense and Securities Litigation Practice Groups.
 Rogers & Wells is a 320-lawyer firm based in New York with offices in Washington, Los Angeles, Paris, London and Frankfurt.
 -0- 10/19/92
 /CONTACT: Tom Phillips, 212-880-5618, or Jolie Goldstein, 212-878-8099, both of Rogers & Wells/ CO: Rogers & Wells ST: District of Columbia, New York IN: SU:


GK-EE -- NY001 -- 1323 10/19/92 08:01 EDT
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Date:Oct 19, 1992
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