The Knowledge Group
The Knowledge Group

Gibson, Dunn & Crutcher’s Lewis Ferguson to Speak at Knowledge Congress’ Statement 5 and 141R Loss Contingency Disclosures: An Update on 6/17/09

Jersey City, NJ, May 03, 2009 --( The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts announced today that Lewis Ferguson, Partner, Gibson, Dunn & Crutcher LLP will speak at The Knowledge Congress’ upcoming webcast entitled: “Statement 5 and 141R Loss Contingency Disclosures: An Update”. This 2-hour event is scheduled on June 17, 2009, Wednesday, at 12:00 PM - 2:00 PM EDT. (For further details of the event and an updated list of panelists, please visit:

Event Synopsis

FASB's proposed Statement on Loss Contingency Disclosures, amending Statement 5 and 141R has faced many challenges. The proposal to amend FAS 5 and FAS 141R would make clearer the probability and timing in cash flow issues related to loss contingencies. However, some have pointed out that revisions would affect public companies adversely as they will be burdened with greater expenses, increased damages and settlements.

The Knowledge Congress is assembling a panel of key thought leaders and expert to help you understand the developments on Loss Contingency Disclosures. This two-hour webinar is a must see for everyone affected by these statements.

About Lewis Ferguson

Lewis H. Ferguson is a partner in the Washington, D.C. office of Gibson Dunn & Crutcher and a member of the firm's Securities Regulation and Corporate Transactions practice groups. Mr. Ferguson's practice focuses on the representation of accounting and auditing firms and their employees, securities regulation and disclosure issues and corporate governance matters.

Mr. Ferguson joined the firm in 2007 after serving for more than three years as the first General Counsel of the Public Company Accounting Oversight Board. At the PCAOB, Mr. Ferguson was in charge of all legal affairs and was involved in drafting the PCAOB's rules and regulations and auditing standards, including auditing standards for the audit of internal controls. He also oversaw the successful defense of litigation against the PCAOB challenging the constitutionality of the organization and of the Sarbanes Oxley Act itself.

Prior to joining the PCAOB in 2004, Mr. Ferguson was a partner in another Washington, D.C. firm where he specialized in corporate transactions, securities enforcement matters and representation of audit committees and boards of directors. From 1994 to 1998, he was Senior Vice President, General Counsel and Director of Wright Medical Technology, a medical device company. He has also been a director of a number of public and private companies, mainly in the medical device and technology areas.

For a number of years, Mr. Ferguson was an Adjunct Professor of Law at the Georgetown University Law School. He received his B.A. degree cum laude with High Honors in Politics and Economics from Yale College in 1966 and a B.A. and M.A. degree from Cambridge University (King's College) which he attended on a fellowship. In 1971, he received his J.D. degree from Harvard Law School where he was a member of the Harvard Law Review. Mr. Ferguson clerked for the Hon. Frank J. Murray, U.S. District Judge for the District of Massachusetts. He is a frequent speaker on accounting and auditing matters and the relationship between corporations, regulators and auditors at industry, legal and media-sponsored conferences.

About Gibson, Dunn & Crutcher LLP

Gibson, Dunn & Crutcher LLP is a leading international law firm. Consistently ranking among the world's top law firms in industry surveys and major publications, Gibson Dunn is distinctively positioned in today's global marketplace with 950 lawyers and 15 offices in major cities throughout the United States and Europe. Committed to providing the highest quality legal services to its clients. Gibson Dunn's representative clients include some of the world's largest multinational corporations in all major industries, leading government entities, commercial and investment banks, start-up ventures, emerging growth businesses, partnerships and individuals.

For more information about Lewis Ferguson, and Gibson, Dunn & Crutcher LLP, please visit:

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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