High Profile Partner Added To Reed Smith Securities Law Department In San Francisco

West Coast Expansion Continues; Corporate and Securities Group
Adds Another High-Profile Partner

(March 3, 2008, San Francisco, CA) – LAWFUEL – The West Coast expansion of Reed Smith LLP, one of the 15 largest law firms worldwide, continued today with the addition of Robert B. Dellenbach, who joins the firm as a San Francisco-based Partner in the Corporate & Securities Group. Mr. Dellenbach joins Reed Smith after nearly two decades in the Corporate Group of Fenwick & West LLP, where he represented venture-backed companies and investors and served as one of the early managing partners of the firm’s San Francisco office.

“Rob has long been a key player in the Silicon Valley and global venture community, where he enjoys a great reputation and maintains a loyal base of clients and professional contacts,” said David Thompson, Managing Partner of Reed Smith’s San Francisco Office. “Rob is also an exceptionally well-rounded and versatile lawyer who has advised the boards of directors of startup and publicly-traded technology, media and life science companies. His arrival is consistent with the firm’s strategy to grow our transactional practice worldwide and here on the West Coast with top flight, well-connected and experienced talent.”

Mr. Dellenbach’s professional mission has always been to help companies and entrepreneurs with the potential for high growth, as well as significant economic and social benefits, to articulate and achieve their business objectives. In a career that has spanned the technological and information revolutions, Mr. Dellenbach has represented more than a hundred software, communications, Internet, biotechnology, semiconductor, and other cutting-edge businesses and their investors in the full spectrum of corporate matters, including angel and venture capital financing, M&As, and IPOs, as well as strategic intellectual property transactions and business partnerships.

“I am looking forward to expanding my practice on Reed Smith’s international platform with colleagues who provide expertise in myriad pertinent disciplines,” said Mr. Dellenbach. “All of the clients I am privileged to work with are expanding their operations globally, and Reed Smith is in an ideal position to help with the full range of their legal needs in the new global economy.”

“There is certainly a great deal of synergy in Rob joining us at this time,” said John Iino, Reed Smith’s firmwide Corporate & Securities Practice Group Leader. “Our diverse international platform is ideally suited to help his clients, and he is a seasoned resource for our technology, life science, venture and private-equity-backed clients throughout the U.S., Europe, the Middle East and Asia.”

Mr. Dellenbach received his J.D. in 1989 from Stanford University, where he focused on technology and international law. He also holds a B.A in Political Science from the University of Utah, where he graduated, Summa Cum Laude.

A frequent champion of the disadvantaged and underrepresented, Mr. Dellenbach frequently offers pro bono services for investment funds aiding the development of emerging economies in Latin America and Africa, and, on the home front, for the Climate Protection Campaign, the Golden Gate Bridge Foundation and a number of other Bay Area non-profits. Currently, he is secretary to the Board of Trustees of Astia, a San Francisco-based non-profit that promotes women as entrepreneurs and leaders of high-growth companies. He is also an advisor to the Lester Center for Entrepreneurship & Innovation at the University of California, Berkeley.

Mr. Dellenbach is the third partner to join Reed Smith’s West Coast Corporate and Securities Group in the last few weeks, with John Zhang and Charles Pak joining the Group in Los Angeles last month. The firm also added three litigation partners in its Los Angeles and Century City offices in February, and, in January, welcomed three more laterals statewide, including Structured Finance Partner Colleen McDonald in San Francisco. With the recent additions, Reed Smith has nearly 350 corporate attorneys and 1600 lawyers worldwide.

About Reed Smith
Reed Smith is one of the 15 largest law firms in the world, with more than 1,600 lawyers in 23 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses from Fortune 100 corporations to mid-market and emerging enterprises. Its attorneys provide litigation services in multi-jurisdictional matters and other high stake disputes, deliver regulatory counsel, and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising and media, shipping, international trade and commodities, real estate, manufacturing, and education. For more information, visit reedsmith.com

U.S.: New York, Chicago, Los Angeles, Washington, San Francisco, Philadelphia, Pittsburgh, Oakland, Princeton, Northern Virginia, Wilmington, Century City, Richmond

Europe: London, Paris, Munich, Birmingham, Greece

Middle East: Abu Dhabi, Dubai

Asia: Hong Kong, Beijing


Johnson & Perkinson Announces Commencement of Class Action Litigation Naming Centerline Holding Company

SOUTH BURLINGTON, Vt., March 3, 2008 LAWFUEL – Legal Newswire — Johnson & Perkinson hereby announces the commencement of a class action lawsuit naming Centerline Holding Company (“Centerline” or the “Company”) (NYSE:CHC). Individuals, families, trusts or other entities that purchased Centerline common stock between March 12, 2007 and December 28, 2007, inclusive, have the opportunity to participate as Lead Plaintiffs in the currently pending class action litigation against the Company. To do so, however, you must apply to serve in that capacity by March 18, 2008.

Johnson & Perkinson, a litigation boutique law firm based in South Burlington, Vermont, has extensive experience prosecuting investor class actions and actions involving financial fraud. Attorneys Johnson and Perkinson are both former employees of the Securities and Exchange Commission. Dedicated to maximizing shareholder return, members of Johnson & Perkinson have prosecuted complex class actions alleging securities or consumer fraud/deception on behalf of investors/consumers against numerous public companies since 1985, resulting in the recovery of many hundreds of millions of dollars, and have been singled out for excellence by various courts. The firm is litigating, or has recently resolved litigation, as Lead or Co-Lead Counsel in securities class actions against Xerox, Priceline, Wireless Facilities, i2 and Xchange, and serves on the Executive Committee in the Global Crossing case.

The Complaint alleges that Centerline’s officers and directors violated federal securities laws by issuing a series of materially false and misleading statements about Centerline’s business model and financial condition, including statements concerning its portfolio of tax-exempt first mortgage bonds, which generated the majority of Centerline’s revenues and supported the Company’s $1.68 per share annual dividend.
Defendants’ statements concealed that Defendants were in the midst of structuring a sale of the Company’s mortgage revenue bond portfolio to a third party. On December 28, 2007, Centerline announced that the Company had sold its $2.8 billion tax-exempt affordable housing bond portfolio to a third party and, in the process, transformed the Company’s business model to a pure asset management firm. As a result of this transaction, Centerline disclosed that it would be slashing its annual dividend from $1.68 per share to only $0.60 per share.
Defendants also revealed that they had entered into a related party transaction with a company owned by certain Company insiders, called The Related Companies, L.P. (“TRCLP”), whereby TRCLP agreed to provide Centerline $131 million in financing in exchange for 12.2 million shares of newly-issued convertible preferred stock that will pay Company insiders an 11% dividend. On this news, Centerline stock plummeted 25%, from the previous day’s close, to a close of $7.70 per share on December 28, 2007.

If you wish to discuss this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Johnson & Perkinson attorneys James F. Conway, III, Eben F. Duval, or Christopher Allen toll free at 1-888-459-7855; via email at email@jpclasslaw.com; through our website at www.jpclasslaw.com; or by mail at Johnson & Perkinson, 1690 Williston Road, P.O. Box 2305, South Burlington, Vermont 05403. Though Johnson & Perkinson has not filed a Complaint against Centerline at this time, attorneys at Johnson & Perkinson can investigate your potential claims and help you decide if seeking appointment as a Lead Plaintiff is right for you. Your ability to share in any recovery is not affected by your decision to not seek appointment as a Lead Plaintiff.

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CONTACT: Johnson & Perkinson
James F. Conway, III
Eben F. Duval
Christopher Allen
1-888-459-7855
email@jpclasslaw.com
www.jpclasslaw.com
1690 Williston Road,
P.O. Box 2305
South Burlington, Vermont 05403

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