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1971: Belnick graduates from Columbia Law School, where he is a Harlan Fiske Stone Scholar. He joins Paul, Weiss, Rifkind, Wharton & Garrison. 1984-85: Belnick advises Pennzoil Co. in its successful litigation against Texaco Inc. over Texaco’s acquisition of Getty Oil. Pennzoil wins a $10.53 billion jury verdict, but later settles for $3 billion. 1987: Belnick serves as deputy chief counsel to the U.S. Senate Iran-Contra Committee, working under legendary litigator and Paul Weiss mentor Arthur Liman. While working for the committee, Belnick meets former U.S. Sen. Warren Rudman, who later recommends him to Tyco International Ltd. chairman and chief executive Dennis Kozlowski. 1991-92: Belnick advises junk bond king Michael Milken, ultimately negotiating a global settlement of some 180 lawsuits relating to Milken’s tenure at Drexel Burnham Lambert Inc. 1993: Belnick accepts the post of general counsel at his undergraduate alma mater Cornell University. After just five days on the job, he leaves and returns to Paul Weiss. 1995: Belnick serves as chief counsel to the NASD Select Committee on Structure and Governance, which recommends restructuring the NASD and Nasdaq Stock Market. September 1998: Belnick joins Tyco International Ltd. as executive vice president and chief corporate counsel. December 1999-July 2000: Belnick leads Tyco’s response to a Securities and Exchange Commission accounting inquiry. The SEC drops the investigation in July 2000 without pursuing charges. Belnick later receives a bonus of up to $17 million for his work. June 10, 2002: Belnick is fired by Tyco’s board seven days after Kozlowski resigns. June 17, 2002: Tyco files a civil suit against Belnick, alleging that he engineered more than $30 million in undisclosed compensation and loans and obstructed an internal investigation. Sept. 12, 2002: Belnick is charged by the state of New York with falsifying business records to conceal improper loans totaling more than $14 million. The SEC simultaneously files a suit against Belnick alleging civil fraud. Feb. 3, 2003: The state of New York charges Belnick with additional crimes, including grand larceny and securities fraud. May 6, 2004: The criminal trial begins. Belnick faces up to 25 years in prison. July 15, 2004: Belnick is acquitted on all criminal charges following less than five days of jury deliberations. He continues to face civil litigation. Source: News reports, Corporate Counsel research

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