CHADBOURNE & PARKE LLP WELCOMES COUNSEL
JOHN G. MOON TO GROWING SECURITIES LITIGATION
AND REGULATORY ENFORCEMENT PRACTICE

New York, NY - May 14, 2003 - The international law firm of Chadbourne & Parke LLP announced today that John G. Moon, 42, has joined the Firm as counsel in the securities litigation and regulatory enforcement practice, resident in New York. Mr. Moon comes to Chadbourne from Morgan, Lewis & Bockius LLP, where he was of counsel.

"We are pleased to welcome John to Chadbourne," said Charles K. O'Neill, the Firm's Managing Partner. "In today's business climate, John's considerable experience on both sides of securities counseling and litigation makes him a valuable addition to our growing practice."

Mr. Moon advises securities issuers, broker-dealers and other intermediaries on regulatory matters before the Securities and Exchange Commission (SEC) and self-regulatory organizations, and represents them, as necessary, in federal, arbitral and state litigation. At Chadbourne, Mr. Moon will work closely with partner Thomas V. Sjoblom, the head of the Firm's securities litigation and regulatory enforcement practice, who is currently representing former HealthSouth CEO Richard Scrushy in his SEC and related cases.

Mr. Moon's previous experience includes serving at the SEC as a staff attorney and later branch chief at the Philadelphia office. During his tenure at the SEC, Mr. Moon led formal investigations in connection with enforcement of the federal securities laws, as well as conducting litigation, negotiating settlements and making recommendations with respect to proposed or pending enforcement actions. His duties as branch chief also included working closely with regulators from state securities regulatory "blue sky" commissions, the New York Stock Exchange, the American Stock Exchange and the National Association of Securities Dealers.

Mr. Moon also served as a federal prosecutor in the U.S. Department of Justice's Criminal Division, Fraud Section. His experience there included prosecuting cases involving banking, securities and commodities fraud. He also supervised investigative grand juries and represented the United States as lead counsel in preliminary hearings, jury trials and sentencings. While at the DOJ, Mr. Moon had extensive contact with domestic and foreign regulators of banking and securities institutions and developed federal prosecutions involving international financial transactions. He also received the Attorney General's Special Achievement Award.

Prior to joining Morgan, Lewis & Bockius, Mr. Moon was principal consultant in the Banking, Finance and International Group at PricewaterhouseCoopers, where he advised governments in Central and Eastern Europe on the establishment of regulatory structures for capital market institutions. He also drafted proposed regulations and consulted government officials on the regulation of stock exchanges, banking institutions, securities brokers, investment funds, pension funds, systems of share registry, clearing and settlement, disclosure requirements and securities regulatory bodies.