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Only 100 Families Choose Lawsuits Over 9/11 Fund A final inventory shows that the families of 100 people killed in the 2001 terror attacks have chosen to pursue lawsuits rather than accept benefits available under the federal Sept. 11 Victim Compensation Fund administered by Special Master Kenneth R. Feinberg. The families who have chosen to sue are bringing lawsuits on behalf of only 3.4 percent of the 2,976 persons killed. The vast majority of families have filed claims with the fund, which so far has paid benefits averaging $1.8 million in death cases. Marc S. Moller, a partner at Kreindler & Kreindler who is liaison counsel for the families, said those suing are primarily motivated by a desire “to get to the bottom of the Sept. 11 tragedy and to hold accountable anyone who could have reasonably averted the attacks.” An additional 10 suits have been brought seeking recovery for property losses, he said. The law establishing the compensation fund requires families to choose between lawsuits and seeking relief from the fund. The law also consolidated all litigation related to the tragedies in the Southern District of New York, and those cases have all been assigned to Judge Alvin K. Hellerstein. The number of lawsuits brought by those injured in the attacks � most of them brought by rescue workers who have developed respiratory problems � will not be known until April 9. � Daniel Wise Specialty Stock Traders Settle With SEC for $241.8 Million The Securities and Exchange Commission settled with five New York Stock Exchange specialty firms yesterday for $241.8 million. The firms wrongly profited by usurping trading opportunities from the public, according to Stephen Cutler, the SEC’s director of enforcement. Their role as intermediaries between traders allowed them to exploit short-term price differences in buy and sell orders at the expense of their clients, the SEC said in a statement. Proceeds from the settlement will reimburse injured investors. The firms included Bear Wagner Specialists; Fleet Specialist; LaBranche & Co.; Spear, Leeds & Kellogg Specialists; and Van der Moolen Specialists USA. � Michael Bobelian King & Spalding Bolsters Private Equity Group King & Spalding has hired the former legal director of Goldman Sachs & Co.’s private equity group as a partner in its New York office. Stephen Culhane, a vice president and associate general counsel at Goldman Sachs, will join King & Spalding as a partner in its private equity practice. His hiring follows that of Robert S. Finley, who became a private equity partner in February after his departure from the New York office of Clifford Chance. Atlanta-based King & Spalding has about 150 lawyers in New York and about 760 worldwide. � Anthony Lin Bar Exam Laptop Pilot Program Is Extended The Board of Law Examiners announced yesterday that it is extending a pilot program that enabled applicants taking the bar exam to use personal laptop computer on the essay portion of last July’s test. Only those taking the exam at the Jacob Javits Convention Center are eligible, and all must use Software Secure Inc.’s Securexam, which requires Microsoft Office. Registration for the program is from June 1 through June 30, and only the first 500 applicants will be accepted. For more information, call the board at (518) 452-8700 or access www.nybarexam.org after May 15. Personal Notes on LawyersCadwalader, Wickersham & Taft has named Michael G. Kavourias and Pamela Landman as special counsel. Mr. Kavourias will work in the real estate department and Ms. Landman will work in the health care/not-for-profit department. � Sarah Joos and Sandra Ishaq have joined Silverman, Perlstein & Acampora as associates. Ms. Joos will concentrate in creditor’s rights and Ms. Ishaq will practice commercial litigation.

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