Mayer Brown International’s Michael L. Hermsen to Speak at Knowledge Congress’ Statement 5 and 141R Loss Contingency Disclosures: An Update on 6/17/09

Jersey City, NJ, May 03, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts announced today that Michael L. Hermsen, Partner, Mayer Brown International LLP will speak at The Knowledge Congress’ upcoming webcast entitled: “Statement 5 and 141R Loss Contingency Disclosures: An Update”. This 2-hour event is scheduled on June 17, 2009, Wednesday, at 12:00 PM - 2:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2009_FASB5.html)

Event Synopsis

FASB's proposed Statement on Loss Contingency Disclosures, amending Statement 5 and 141R has faced many challenges. The proposal to amend FAS 5 and FAS 141R would make clearer the probability and timing in cash flow issues related to loss contingencies. However, some have pointed out that revisions would affect public companies adversely as they will be burdened with greater expenses, increased damages and settlements.

The Knowledge Congress is assembling a panel of key thought leaders and expert to help you understand the developments on Loss Contingency Disclosures. This two-hour webinar is a must see for everyone affected by these statements.

About Michael L. Hermsen

Experience

Michael Hermsen has an extensive corporate and transactional practice that focuses on securities matters. He represents issuers, underwriters and securityholders in connection with public and private offerings of equity and debt securities. Mike also represents corporate clients in connection with Securities Act and Exchange Act compliance and reporting and compliance with NYSE and Nasdaq regulations, and counsels companies, board of directors and management on stock purchases, executive compensation reporting and other corporate governance matters.

In the area of mergers and acquisitions, Mike represents buyers and sellers in connection with public and private acquisitions and divestitures, mergers, tender offers, exchange offers and consent solicitations.

Before Mike joined Mayer Brown in 1994, he had extensive senior administrative experience with the US Securities and Exchange Commission in Washington, DC. In the SEC’s Division of Corporation Finance he served as Assistant Director (1992-1994), Special Counsel (1990-1992) and Attorney/Advisor (1986-1990). He also has accounting and audit experience with a then-Fortune 500 manufacturing corporation.

Education

• University of Wisconsin Law School, JD, 1986
• Marquette University, MBA, 1982
• Marquette University, BS, 1980

Admitted

• Illinois, 1995
• Wisconsin, 1986

About Mayer Brown International LLP

Mayer Brown is a leading global law firm with offices in key business centers across the Americas, Asia and Europe. We have approximately 1,000 lawyers in the Americas, 300 in Asia and 500 in Europe. The firm's Asia presence was enhanced by its 2008 combination with Johnson Stokes & Master, one of the largest and oldest law firms in Asia. This unequalled on-the-ground presence in the world’s leading markets for legal services enables Mayer Brown to offer clients access to local market expertise on a global basis.

For more information about Michael L. Hermsen, and Mayer Brown International LLP, please visit: www.mayerbrown.com

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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