1. 2008 International Conference Golden Opportunities or Fool’s Gold? November 5-7, 2008 San Francisco Skating On Thin Ice: The Risks of Insuring Failing Businesses

2. MODERATOR: Joe Kingma, Esq., Partner, Carlock Copeland Semler & Stair PANELISTS: Kenneth Coffin, JD, Esq., Vice President, Professional Liability Claims, Liberty International Underwriters Kenneth N. Klee, Esq., Partner, Klee, Tuchin, Bogdanoff & Stern, LLP; Professor, UCLA School of Law Ronald Klein, JD, CFE, Vice President, Claims Counsel, CAMICO Mutual Insurance Company Richard Levine, Esq., Chair, Bankruptcy & Insolvency Practice Group, Nelson Kinder Mosseau & Saturley PC Skating on Thin Ice: Risks of Insuring Failing Businesses

4. Overview Prologue: Professional Liability in Bankruptcy or Cracks Appear in the Ice Act I: Mediation or Treading Water in the Frozen Lake Act II: Throwing You a Lifeline –Takeaway Points –Questions and Answers

5. Cast of Characters Ken Klee - Embattled Mediator and Introduction Rick Levine - Counsel for the Plaintiff Trustee Joe Kingma - Counsel for Defendant Accountant, Addemup Ron Klein - Vice President, Accounting Claims – Unlucky Insurance Ken Coffin - Vice President, Attorney Claims - Unlucky Insurance

6. Prologue Ken Klee

7. Professional Liability in Bankruptcy Breach of Fiduciary Duty Aiding and Abetting Breach of Duty Deepening Insolvency Malpractice

8. Deepening Insolvency Cause of Action Measure of Damages A Nullity Choice of Law Who Has Standing to Assert In Pari Delicto Defense

9. Equitable Defense Based on Unclean Hands Applies Unless an Exception Negates it –Adverse interest exception Sole actor exception to exception –Innocent decision-maker exception –Control person exception –Assignment of creditor actions to trustee

10. Act I Treading Water in the Frozen Lake or Mediation of the Trustee’s Claims Against Accountants and Lawyers

11. Scene 1 Rick Levine, Counsel for the Plaintiff Trustee, Gives His Opening Statement at Mediation

12. Scene 2 Joe Kingma, Counsel for the Accounting Defendant Addemup, Gives his Opening Statement

16. Scene 3 Ron Klein (Accountants) and Ken Coffin (Attorneys) of Unlucky Insurance Meet Privately

17. Scene 4 Mediator Ken Klee, Meets with Rick Levine, Counsel for the Plaintiff Trustee, in a Private Session

18. Scene 5 Mediator Ken Klee, Meets with Joe Kingma, Counsel for the Accounting Defendant Addemup

19. Scene 6 Mediator Ken Klee, Meets with Unlucky Insurance Representatives Ron Klein and Ken Coffin and Makes One Last Effort to Open Their Wallets

20. Act II Throwing You A Lifeline

21. Takeaway Points From Ken Klee

22. Takeaway Points From Rick Levine

23. Takeaway Points From Ron Klein

24. Takeaway Points From Ken Coffin

25. Takeaway Points From Joe Kingma

26. Joe’s Takeaway Points I Underwriters - Watch for Failing Business Exposures Professionals Whose Client Base Includes: A.Homebuilders and Developers B.Auto Industry Suppliers C.Retailers D.Lenders to A-C Take Deepening Insolvency Claims Seriously SOL Order for Relief Plus 2 Years (11USC108)

27. Joe’s Takeaway Points II Check Local Rule on Withdrawing Reference Under 28 USC§157(d) Proof of Claim Keeps you in BK Court Watch Out for 2004 Examinations Trustees, Chief Restructuring Officers, and Receivers Check Pacer for : –Special Litigation Counsel –Value of Claim –Assets to Prosecute

28. Questions & Answers

29. Many Thanks to Joe Kingma, Esq. Kenneth Coffin, JD, Esq. Kenneth N. Klee, Esq. Ronald Klein, JD, CFE Richard Levine, Esq.