New York, NY, October 09, 2008 --(PR.com
)-- The Knowledge Congress, the leading producer of regulatory focused webinars announced today that Michael L. Hermsen , Partner of Mayer Brown will speak at the Knowledge Congress’ upcoming webinar entitled: “Statement 5 and 141R Loss Contingency Disclosures”. This 2-hour event is scheduled on Tuesday, October 28, 2008, at 1:00 PM - 3:00 PM ET. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2008_FASB5.html)
Recently, the Financial Accounting Standards Board has proposed a new guidance regarding the disclosure of Certain Loss Contingencies. The amendment to FAS 5 and FAS 141R would make clearer the probability and timing in cash flow issues related to loss contingencies. The new proposal would require: greater descriptions of the risks/losses and their associated factors, claim amounts, annual disclosures, descriptive reconciliation, and exceptions.
The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand FAS5/141R and its impact on your firm and the broader market. The speakers will present their expert opinions in a two-hour Live webinar.
About Michael L. Hermsen
Michael Hermsen has an extensive corporate and transactional practice that focuses on securities matters. He represents issuers, underwriters and securityholders in connection with public and private offerings of equity and debt securities. Mike also represents corporate clients in connection with Securities Act and Exchange Act compliance and reporting and compliance with NYSE and Nasdaq regulations, and counsels companies, board of directors and management on stock purchases, executive compensation reporting and other corporate governance matters.
In the area of mergers and acquisitions, Mike represents buyers and sellers in connection with public and private acquisitions and divestitures, mergers, tender offers, exchange offers and consent solicitations.
Before Mike joined Mayer Brown in 1994, he had extensive senior administrative experience with the US Securities and Exchange Commission in Washington, DC. In the SEC’s Division of Corporation Finance he served as Assistant Director (1992-1994), Special Counsel (1990-1992) and Attorney/Advisor (1986-1990). He also has accounting and audit experience with a then-Fortune 500 manufacturing corporation.
About Mayer Brown
Mayer Brown is a leading global law firm with offices in key business centers across the Americas, Asia and Europe. They have approximately 1,000 lawyers in the Americas, 300 in Asia and 500 in Europe. The firm's Asia presence was enhanced by its 2008 combination with Johnson Stokes & Master, one of the largest and oldest law firms in Asia. This unequalled on-the-ground presence in the world’s leading markets for legal services enables Mayer Brown to offer clients access to local market expertise on a global basis.
For more information about Michael L. Hermsen and Mayer Brown, please visit: http://www.mayerbrown.com.
About The Knowledge Congress
The Knowledge Congress is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour LIVE webinars to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.