Holme Roberts & Owen LLP

1700 Lincoln Street

Suite 4100 Denver, CO
80203-4541
PRESS RELEASE

HOLME ROBERTS & OWEN EXPANDS WHITE COLLAR AND SECURITIES LITIGATION
PRACTICE

Nationally Acclaimed Litigators Cliff Stricklin and Michael MacPhail Join Denver Office

Denver, Colorado, July 7, 2009 – Holme Roberts & Owen LLP (HRO) is delighted to announce the
admission of new partners Cliff Stricklin and Michael R. MacPhail, both formerly of Holland & Hart,
and with their arrival, the expansion of HRO’s White Collar and Securities Litigation practice. Cliff
Stricklin will chair the practice, which will focus on managing all phases of civil and criminal litigation
cases at a state and federal level on behalf of client corporations and their officers and directors; it will
complement the existing strengths of HRO’s corporate law and litigation groups, and further increase
the broad range of legal services the firm offers. The expanded White Collar and Securities Litigation
practice will form part of HRO’s wider Complex Commercial Litigation Practice Group, and will result
in Cliff and Michael working alongside HRO’s existing team of highly experienced and prominent trial
lawyers.

Cliff Stricklin is a vastly experienced trial lawyer who has successfully tried some of the nation's
largest, most complex cases as an attorney with the U.S. Department of Justice. For the last 20
years, he has as been at the forefront of shaping white collar and corporate fraud law in the U.S. Cliff
Stricklin led the prosecution team in the insider trading case against Joseph P. Nacchio, a much
publicized and complex case involving matters relating to securities regulation and the
telecommunications industry. He has held prominent public service positions, including Special
Assistant U.S. Attorney with the Enron Task Force, where he was a key member of the prosecution
team that tried and convicted Jeff Skilling and Ken Lay on conspiracy, securities fraud, and insider
trading charges. He has also held the position of First Assistant U.S. Attorney for the U.S. District of
Colorado and State District Judge in Dallas, Texas.

Michael R. MacPhail is a former Deputy Assistant Director of the Securities and Exchange
Commission’s (SEC) Denver Regional Office and has previously served as an attorney and Senior
Counsel for the Division of Enforcement in Washington, D.C. While at the SEC, he supervised
enforcement investigations of, or litigated, a broad range of matters involving public company
reporting and disclosure, investment companies and investment advisers, broker-dealer regulation
and supervision, securities offering registration and exemption, Internet fraud, stock manipulation, and
insider trading. Before joining the SEC, Michael R. MacPhail was a staff attorney with the Office of
Chief Staff Counsel, U.S. Court of Appeals for the D.C. Circuit. Michael R. MacPhail has recently
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been elected to serve as the 2009-2011 Co-chair of the Colorado Bar Association Securities Law
subsection of the Business Law Section.

“To bring aboard lawyers of the caliber of Cliff and Michael is one of those rare opportunities for our
clients and firm,” said HRO Managing Partner, Ken Lund. “Strategically, broadening our Securities
and Litigation practice is something we have been looking to do for some time. Our expanded
practice is now better positioned to serve our existing clients and develop new business.”

Speaking of his appointment, Cliff Stricklin said: “HRO is a great platform for both Michael and me to
help build a new and successful White Collar and Securities Litigation practice. We are joining a firm
with a first-rate reputation for litigation, corporate/M&A and securities work, and an impressive client
list that would be the envy of many of the nation’s largest firms. Our Denver location gives us an ideal
base from which to serve clients across the country. I am excited about the possibilities that lie
ahead.”

Echoing Cliff’s sentiments, Michael R. MacPhail said: “I am delighted to be affiliated with HRO and to
have an opportunity to continue to work alongside Cliff. We have formed a strong team, which will no
doubt be of benefit to HRO’s clients for many years to come.”

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About HRO - Holme Roberts & Owen LLP is an international law firm that was established in 1898
and has approximately 250 lawyers practicing in nine strategically positioned offices throughout the
world, including Denver, Boulder, Colorado Springs, London, Los Angeles, Munich, Phoenix, Salt
Lake City, and San Francisco. The firm's lawyers provide a broad spectrum of legal services in
virtually every area of the law, including corporate, securities, mergers and acquisitions, estate
planning, commercial litigation, real estate, sports and entertainment, health, employment, tax,
government affairs, environmental, and intellectual property.