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University of Iowa News Release

March 11, 2005

Delaware Corporate Attorney To Be Law School Practitioner-in-Residence

R. Franklin Balotti, one of America's leading corporate law and corporate governance attorneys, will be the spring semester practitioner-in-residence at the University of Iowa College of Law March 21 and 22. Balotti will meet with law students and faculty to discuss such areas of the law as corporate governance and fiduciary issues.

Balotti is a director in the Corporate Department of the law firm Richards Layton & Finger of Wilmington, Del. His practice focuses on advising and representing corporations and corporate directors in litigation, transactions and corporate governance matters. Balotti is the co-author of The Delaware Law of Corporations and Business Organization, considered the most authoritative text of Delaware corporate and business law.

Delaware is a particularly important state to corporate law because it has the most highly developed system of law relating to corporate governance. Since a corporation's governance is determined by the state in which it's chartered, many of them are chartered in Delaware. As a result, more Fortune 500 companies are chartered in Delaware than in any other state.

Balotti has appeared in and argued many of the leading cases defining the duties of directors under Delaware law and has extensive experience advising corporations and their directors with respect to fiduciary duties, corporate control disputes, extraordinary transactions and related matters. He is also the author of "Meetings of Stockholders" and numerous articles on a host of corporate law topics published in business and legal publications. He is also an adjunct professor of law at Cornell University and the University of Miami.

STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

MEDIA CONTACT: Tom Snee, 319-384-0010,