Kummer Kaempfer

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June, 2003 Archive

Kummer Kaempfer Bonner & Renshaw Named One Of America’s Best Corporate Law Firms

Friday, June 20th, 2003

FOR IMMEDIATE RELEASE
DATE: JUNE 20, 2003
CONTACT: MICHAEL JABARA
(702) 792-7000
mjabara@kkbrf.com

Las Vegas, Nevada – The law firm of Kummer Kaempfer Bonner & Renshaw (“KKB&R”) was named one of the top three law firms in Las Vegas, Nevada in “America’s Best Corporate Lawyers” published by CORPORATE BOARD MEMBER, Special Legal Issue June 2003.

“We are very pleased with the recognition,” Managing Partner Michael J. Bonner said. “We are honored to have our firm acknowledged with prestigious law firms throughout the country.”

KKB&R has been instrumental in handling complex national and statewide business transactions. KKB&R attorneys have also assisted in the drafting of Nevada’s business entity statutes through their participation on the Executive Committee of the Business Law Section of the Nevada State Bar.

As the principal Nevada-based law firm handling securities work, KKB&R has represented numerous companies in their capital raising activities. These engagements have included public offerings, private placements, periodic disclosure compliance and reporting, state blue sky clearances, and financial press releases.

KKB&R is the Las Vegas member of Meritas, an international affiliation of outstanding business law firms, whose member firms are selected based upon the firm’s commitment to providing quality legal representation in a cost-effective manner.

Formed in April 1994, KKB&R has extensive experience in representing clients regarding Corporations, Partnerships and Limited Liability Companies; Federal and State Securities Law; Gaming Law; Real Estate and Construction Law; Business Litigation; Zoning, Land Use, Planning and Licensing Matters; and Legislative and Government Relations.

KKB&R’s representative clients include: Boyd Gaming Corporation; Herbst Gaming, Inc.; Republic Services of Southern Nevada; The Howard Hughes Corporation; Marnell Corrao Associates, Inc.; Triple Five Development; Citibank; the Las Vegas Metropolitan Police Department; USA Capital; Lamar Advertising Company; Southern Energy; and CAN Global Specialty Lines.

More information can be obtained from KKB&R’s website at www.kkbr.com.

Prominent Nevada Law Firm Announces New Firm Name, Kummer Kaempfer Bonner Renshaw & Ferrario, and Unveils New Logo

Friday, June 20th, 2003

FOR IMMEDIATE RELEASE
DATE: JUNE 20, 2003
CONTACT: MICHAEL JABARA
(702) 792-7000
mjabara@kkbr.com

LAS VEGAS – The Nevada law firm of Kummer Kaempfer Bonner & Renshaw announced today that top litigator and partner Mark E. Ferrario will be added to the company name. The firm will now be known as Kummer Kaempfer Bonner Renshaw & Ferrario (KKBR&F) and is also unveiling a new company logo to coincide with the firm’s name and expanded services.

“Mark’s tremendous talent, knowledge and litigation practice leadership are being recognized with this addition to our firm name,” said Michael Bonner, managing partner with Kummer Kaempfer Bonner Renshaw & Ferrario. “Mark Ferrario’s litigation expertise will serve him well as the new chairman of our litigation department. Through additions such as Mark and other of our great team members, we will be better able to serve our clients’ legal needs.”

Ferrario has handled some of the state’s most highly publicized cases, including representing a major subcontractor in the MGM and Hilton hotel fire cases in the 1980s. The MGM Grand case was one of the largest tort cases ever filed in the United States. He was also part of the lead trial team in the $90 million lawsuit that resulted from the 1988 PEPCON chemical plant explosion in Henderson. Ferrario also represented the late Lonnie “Ted” Binion in his lengthy battle with Nevada gaming regulators to maintain his gaming license. Among his clients are many of Nevada’s most successful homebuilders.

“I’m privileged and honored to have my name added to one of the most prestigious law firms in Nevada,” Ferrario said. “I also feel fortunate to work side-by-side with some of the most hard-working and respected attorneys in the state. I thank them for a warm and generous welcome.”

With the addition of Ferrario, together with the expansion of our legal team and the expansion of our presence in the Reno-Carson City market and in Summerlin, Bonner said the timing was right for a fresh look. “When a change is made to a firm’s name, it’s the perfect opportunity to explore ways to convey this visually. Our new firm logo not only adds Mark’s name to the firm’s name, it also provides a way to convey a fresh new look for our firm’s branded materials.”

With offices in Las Vegas at 3800 Howard Hughes Parkway and at 3425 Cliff Shadows Parkway near Summerlin and in Reno at 5250 South Virginia St. in the South Meadows area, KKBR&F’s lawyers provide counsel in both ends of the state to top corporations, business owners, corporate executives and individuals. In 2005, KKBR&F has already increased its staff of attorneys by 25 percent statewide. The firm has 45 lawyers and more than 100 employees.

KKBR&F is celebrating its 11th year in business as an independent entity (the firm was formed as a result of its split from another Nevada law firm in 1994). The firm has had a continuous presence in Southern Nevada since the opening of its predecessor’s office in 1972.

One of Nevada’s largest law firms, KKBR&F specializes in complex corporate and real estate transactions, federal and state securities matters, commercial litigation, zoning and land use and gaming, public utilities and other state regulatory law. KKBR&F is a prominent force in Nevada, serving local, regional, national and international clients in the real estate development, hospitality, gaming, manufacturing, service, high-technology, and energy and utilities industries.

The Reno-Carson City office opened in April 2004 and is led by State Sen. Mark E. Amodei. KKBR&F is the Las Vegas member of Meritas, an affiliation of outstanding business law firms that serve international customers worldwide. The firm’s attorneys are routinely rated among the best corporate, mergers and acquisitions, real estate and litigation lawyers in Nevada, including high-ranking recognition by the prestigious “Chambers USA – America’s Leading Business Lawyers” since its inception in 2003.

For more information about KKBR&F, call (702) 792-7000 or visit www.kkbr.com. The new Web site, www.kkbrf.com, will be operational on September 22.

Updated: Reporting Compliance After the Sarbanes-Oxley Act of 2002

Monday, June 16th, 2003

Through the Sarbanes-Oxley Act of 2002 (the “Act”), we have witnessed the most sweeping accounting and corporate governance reforms since the 1930’s. These reforms were in direct response to the corporate and accounting scandals that filled the news over the past several years, such as those involving Enron, WorldCom and Tyco International.

Subsequent to the enactment of the Act, the Securities and Exchange Commission (the “Commission”) has adopted and proposed rules and regulations that impact corporate governance and provide for additional reporting and disclosure obligations. This Special Alert is to inform you of the complex compliance obligations required by the Act and the related rules and regulations adopted by the Commission.

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Update on Director Liability

Sunday, June 1st, 2003

Sarbanes-Oxley, more stringent stock exchange and NASDAQ rules, and high profile actions by the federal government through the SEC and Justice Department certainly have focused directors of public companies on potential risks and the importance of diligence and care in performing their duties. However, not all of the activity is at the federal level. Nevada recently adopted amendments to its version of the provisions protecting directors from liability for breach of fiduciary duty. These amendments are discussed below. At about the same time, the Delaware Chancery Court refused to dismiss a claim for breach of duty of care against the directors of The Walt Disney Company even though it’s charter contained the director protections allowed by Delaware’s version of thees type of provisions. This case and possible implications for Nevada corporations are discussed below.
By Neal Klegerman

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