January 19, 2005

SAN DIEGO – Morrison & Foerster LLP today announced that Sean T. Prosser and Kimberly S. Greer have joined the Firm’s Litigation Department in its San Diego office. Mr. Prosser and Ms. Greer are securities litigators and come to Morrison & Foerster from the San Diego office of Fish & Richardson. Mr. Prosser joins as a partner, and Ms. Greer joins as Of Counsel.

Sean Prosser is a former SEC enforcement attorney with a practice focusing on defending private and public companies and their officers and directors in shareholder class action, derivative, and corporate control lawsuits, as well as in investigations and enforcement actions by the SEC, National Association of Securities Dealers (NASD), stock exchanges, California Department of Corporations, and other regulatory agencies.

Ms. Greer’s practice focuses on defending companies and their officers and directors in shareholder class action, merger, and derivative litigation in federal and state courts, as well as in investigations, administrative proceedings, and lawsuits brought by the enforcement divisions of the SEC, the NASD, the stock exchanges, and other regulatory agencies.

“We’re delighted to have Sean and Kim join the Firm,” said Keith Wetmore, Chair of Morrison & Foerster. “Sean’s background in both the private sector and government sides of securities enforcement is an invaluable resource for our clients and builds upon our existing practices on both the East and West Coast.”

Craig Schloss, Managing Partner of Morrison & Foerster’s San Diego office, said, “We welcome Sean and Kim to the San Diego office. Their arrival continues the strategic expansion of the San Diego office, which now numbers over 60 attorneys, and strengthens a practice area that is critical to our clients.”

Sean Prosser said, “I am excited to become part of this premier international law firm. I look forward to contributing to Morrison’s highly successful and leading securities litigation practice.”

Mr. Prosser worked as an enforcement attorney at the SEC in its Pacific Regional Office in Los Angeles from 1992 to 1994. Following his tenure with the SEC, he joined Brobeck, Phleger & Harrison. In 2003 he joined Fish & Richardson where he led that firm’s west coast white-collar, government & securities litigation group. Mr. Prosser received his law degree from New York Law School in 1992. He is a frequent author and lecturer on securities litigation topics.

Ms. Greer joined Fish & Richardson in 2003, after practicing securities litigation at Brobeck, Phleger & Harrison for seven years. She received her law degree from the University of Michigan Law School in 1995.

One of the Firm’s fastest-growing offices, the San Diego office has more than 60 attorneys who work in litigation, corporate finance, technology licensing, patent prosecution, and labor and employment. From this office, the Firm represents a diverse group of private and public companies in virtually every area of the region’s economy: biotechnology, telecommunications, computer software and hardware, Internet, and venture capital. The office opened in October 1999, and plans to move to an expanded facility later during 2005.