FOR IMMEDIATE RELEASE

Young Conaway Stargatt & Taylor, LLP is proud to announce that Norman M. Powell, a partner in the firm's Business Planning and Transactions section, has just been elected to membership in the American Law Institute, joining Young Conaway partners Bruce M. Stargatt and David C. McBride. The American Law Institute is the leading independent organization in the United States producing scholarly work to clarify, modernize, and otherwise improve the law. The Institute (made up of over 4,000 lawyers, judges, and law professors of the highest qualifications) drafts, discusses, revises, and publishes Restatements of the Law, model statutes, and principles of law that are enormously influential in the courts and legislatures, as well as in legal scholarship and education. To learn more about the organization, visit: www.ali.org.

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Young Conaway Stargatt & Taylor, LLP, one of Delaware's largest law firms, counsels and represents national, international and local clients, handling sophisticated advisory and litigation matters involving bankruptcy, corporate law and intellectual property. As it enters its sixth decade, Young Conaway also guides regional businesses and individuals through a myriad of employment, real estate, tax, estate planning, environmental, and banking issues from the firm's offices in downtown Wilmington, DE.