NEWS RELEASE

VEASEY: RETIRED CHIEF JUSTICE JOINS LEADING LAW FIRM

Posted: June 1, 2004

Weil Gotshal & Manges, one of the world's leading law firms, announced that E. Norman Veasey, former chief justice of Delaware, joined the firm today as a senior partner.

Veasey will serve as a strategic adviser to the firm's roster of prominent global clients on a wide range of issues across the firm's core competencies of mergers and acquisitions, restructuring and litigation, with particular emphasis on corporate governance.

Veasey left he Delaware Supreme Court, the state's highest appeals court, after serving for 12 years as the top judicial officer and administrator of the state's judicial branch.

"We are delighted to welcome Chief Justice Veasey to Weil Gotshal. His joining the firm provides us with a unique opportunity to enhance our ability to provide our clients with sound legal advice on high-stakes corporate matters from one of the most respected jurists in the nation," said Stephen J. Dannhauser, chairman of Weil Gotshal.

As Delaware's chief justice, Veasey updated and enforced codes of conduct for lawyers and judges, modernized the state's courthouses and upgraded the courts' computer systems. During his tenure, the U.S. Chamber of Commerce ranked Delaware's courts first in the nation for three consecutive years for their fair, reasonable and efficient litigation environment.

In addition, Veasey has been credited with leading nationwide programs to restore professionalism to the practice of law and adopt best practices in the running of America's courts. When he retired, Gov. Ruth Ann Minner awarded him the Order of the First State, the highest honor for meritorious service the governor can grant.

"I consider myself fortunate and honored that after 12 challenging, yet satisfying years of public service, I am able to return to private practice with one of the most preeminent of international law firms, Veasey said.

Veasey was appointed chief justice in April 1992 by then-Gov. Michael N. Castle. He previously practiced law with the Wilmington law firm of Richards Layton & Finger, where he served as managing partner and chief executive.

Veasey will continue as a member of the Delaware Bar and remain a resident of Delaware, with offices in Wilmington and New York.

Weil, Gotshal & Manges LLP is an international law firm of more than 1,100 attorneys. It is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Silicon Valley, Singapore, Warsaw and Washington, D.C.

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