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Some Banks Time-Barred from WorldCom Class Action The federal judge overseeing securities class action litigation arising from accounting fraud at the former WorldCom Inc. has dismissed as time-barred claims against the overseas affiliates of four investment banks that underwrote WorldCom securities. Lead class action co-counsel from New York’s Bernstein Litowitz Berger & Grossman and Philadelphia’s Barrack, Rodos & Bacine had argued that claims against Banc of America Securities Ltd., ABN AMRO Bank N.V., Deutsche Bank AG London and BNP Paribas, though filed in an amended complaint, were not time-barred because they related back to claims filed earlier against the banks’ U.S. affiliates. Southern District Judge Denise Cote rejected the argument, but said claims against two other foreign affiliates, J.P. Morgan Securities Ltd. and Salomon Brothers International Ltd., were timely and could proceed. � Anthony Lin Fried Frank Hires New European Operations Head Nearly a year after the collapse of merger talks between New York’s Fried, Frank, Harris, Shriver & Jacobson and London’s Ashurst, Fried Frank has hired Ashurst’s former managing partner to head its European operations. Justin Spendlove, a leveraged finance specialist, was managing partner of Ashurst, formerly called Ashurst Morris Crisp., from October 2000 until January. For most of his tenure, he was involved in merger discussions with Fried Frank. Such a combination would have been the first trans-Atlantic merger of law firms of similar size, profitability and practice strength. but the two firms announced last May that talks had ended without an agreement. � Anthony Lin Loeb & Loeb Names New Co-Chairman Loeb & Loeb has named New York real estate partner Michael D. Beck co-chairman. Previously managing partner of the firm’s New York office, he will replace Jerome L. Levine, who will return to his practice. Los Angeles-based partner John T. Frankenheimer will remain the firm’s other co-chairman. Loeb & Loeb, most well known for its work in the media and entertainment industries, has about 180 lawyers, mostly divided between New York and Los Angeles, with smaller offices in Chicago and Nashville. � Anthony Lin Review Cites Improvement at Brooklyn Prison The U.S. Bureau of Prisons has moved to address problems at a federal prison in Brooklyn where guards abused dozens of people detained shortly after the Sept. 11, 2001, attacks, according to a Justice Department review. The review, released Friday, said the bureau had taken “reasonable and responsible steps” to address concerns raised by an earlier investigation into allegations that many of the 84 detainees were mistreated at the Metropolitan Detention Center in Brooklyn. But the review also urged further action in several areas, including creating a special cadre of guards for high-security inmates, a tighter policy on videotaping inmates’ movements and on videotaping of strip searches. � Associated Press Personal Notes on LawyersBen B. Rubinowitz of Gair, Gair, Conason, Steigman & Mackauf and a Law Journal columnist, has been sworn in as president of the New York City Chapter of the American Board of Trial Advocates. � Shearman & Sterling has named Steven Molo as a partner in its litigation practice. He was an executive committee member at Winston & Strawn. � Gulielmetti & Gesmer has recently joined with Levinson & Kaplan to form Gulielmetti Levinson. � Richard S. Taffet has joined Bingham McCutchen as a partner in the intellectual property practice. He was chairman of Thelen, Reid & Priest’s intellectual property and trade regulation group. � Kirkland & Ellis partner Patrick C. Gallagher has been appointed secretary for the tax section of the New York State Bar Association. � Todtman, Nachamie, Spizz & Johns has named Vivien Y. Bai as an associate. She was senior legal counsel of the China International Economic and Trade Arbitration Commission. � Jerry D. Bernstein has joined Blank Rome as a partner in the white collar, internal and government investigations group. He was the head of the white collar and corporate compliance group at Holland & Knight.

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