The firm was appointed co-counsel for a mandatory non-opt-out
class consisting of all claimants who had filed billions of dollars
in securities litigation-related proofs of claim against The Drexel
Burnham Lambert Group, Inc. and/or its subsidiaries. Settlements in
excess of $2.0 billion were approved in August 1991 and became
effective upon consummation of Drexel's Plan of Reorganization on
April 30, 1992.