The Knowledge Group
The Knowledge Group

Thomas W. White, Partner, WilmerHale to Speak at KC’s Event on Statement 5 and 141R Loss Contingency Disclosures on 10/16/2008

New York, NY, October 09, 2008 --( The Knowledge Congress, the leading producer of regulatory focused webinars announced today that Thomas W. White, Partner of WilmerHale 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:

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 Thomas W. White

Thomas White is a partner in the Corporate Practice Group. He joined the firm in 1979. Mr. White has practiced corporate and bankruptcy law at the firm since 1983. He is one of the firm’s leading practitioners in the area of corporate governance, and also has extensive experience representing corporate and institutional clients in complex business transactions.

Since passage of the Sarbanes-Oxley Act in 2002, Mr. White has developed a multi-disciplinary corporate governance practice. He has advised numerous Fortune 100, mid-cap, and small-cap companies and their boards and management on key issues under the Act, including internal control over financial reporting, attorney responsibility policies, director/officer loans, whistleblowers and auditor independence. He also advises clients and their boards and management on difficult corporate law, securities and accounting issues, and in conducting internal investigations.

Mr. White represents corporate clients in a wide range of transactions. These include both public and private merger transactions, bond and bank debt financing and securities offerings. Indicative of the types of complex transactions Mr. White has handled is the 1995 acquisition of West Publishing Company, the leading legal publisher, by Thomson Corporation, and the 1998 strategic restructuring of US Office Products, which involved a simultaneous equity investment, debt refinancing and self-tender offer, and spin-offs of four non-core businesses.

Mr. White also has substantial experience in corporate debt restructurings and the corporate and finance sides of chapter 11 proceedings. He has represented clients in out-of-court debt restructurings as well as chapter 11 DIP financing, asset sales, reorganization plans and post-reorganization financing.

About WilmerHale

WilmerHale offers one of the world’s premier international dispute resolution practices. Their international arbitration group – based in London office – is one of the most successful, experienced and varied of its kind.

Their practice covers virtually all forms of international arbitration and their lawyers have recently handled disputes governed by the laws of more than 30 different legal systems in arbitrations seated in Europe, Asia and the Americas. They have recently served as counsel in more than 350 international disputes – a significant number involving amounts in dispute exceeding $50 million – and they are handling disputes under all leading rules (including ICC, LCIA, ICSID, AAA, UNCITRAL, Vienna Centre, and DIS) and in all leading arbitral situses.

Among other things, they successfully represented clients in four of the largest, most complex international arbitrations to arise in the past decade as well as several of the most important ad hoc arbitrations in recent history. Their team also has broad experience in matters involving foreign states and state-owned entities and public international law, and has advised clients based in Central Europe and other states in their arbitration legislation.

For more information about Thomas W. White and WilmerHale, please visit:

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:

The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
Therese Lumbao, Director
Account Management & Member Services