The firm's co-founders, William Zisko and Timothy Tomlinson, said they are joining the East Palo Alto office of Greenberg Traurig LLP, which has grown its Silicon Valley office to 43 lawyers since opening in 2004.

Tomlinson Zisko has three other lawyers, all of whom said they are joining other law firms in the area.  Tomlinson Zisko had as many as 20 lawyers at its peak in 2000. But retirements and defections reduced the firm's headcount to five today.

Tomlinson said the firm's dissolution is "amicable. We just reached too small a size to serve our clients' needs ... It was a great run."  The firm advised clients on matters involving corporate finance, securities, intellectual property, litigation, tax and real estate.

The Complaint alleges that during the Class Period the Company materially misrepresented its net income for the fiscal year ended December 31, 2006 and the interim second, third, and fourth quarters. The Complaint also alleges that the Company improperly recognized revenues for certain cancelled consumer contracts, as well as other errors in the income statement. The Complaint alleges that the cumulative effect of all these errors caused an aggregate net loss of at least $43 to $49 million for fiscal 2006, as compared to the $17.3 million net loss from continuing operations the Company preliminarily announced for fiscal 2006. The Complaint also asserts that certain officers and directors of the Company were able to sell significant amounts of stock during the Class Period while the stock was artificially inflated. As a result of these adverse events, the Complaint asserts that shareholders were damaged.

A class action lawsuit has already been filed on behalf of Inphonic shareholders. If you wish to serve as lead plaintiff, you must move the Court within 90 days of today. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.

Among the deals announced, McDermott represented Morgan Stanley & Co. Incorporated in March with respect to its equity commitment in connection with the proposed $45 billion leveraged buy out acquisition of TXU Corp., the Texas energy company.  The transaction represents the largest leveraged buyout in history, and put McDermott among the top 10 legal advisors for global utility deals and private equity deals for the first quarter as well.
These rankings reflect the continued momentum of McDermott's M&A practice which for all 2006 was among the top 20 most active practices in the U.S. according to both Bloomberg and Mergermarket.

McDermott Will & Emery's Mergers & Acquisitions Practice Group is a globally integrated team of corporate lawyers providing high-end M&A services to a broad range of clients around the world.  We represent clients in both friendly and contested public company acquisitions, proxy contests, stock and asset acquisitions and divestitures and joint ventures. We have extensive experience in complex cross-border transactions and work closely with members of our tax, antitrust and other key practice groups.

Continuing its steady growth, Bingham McCutchen LLP has acquired Alschuler Grossman LLP, a 40-lawyer Los Angeles firm, bringing Bingham's head count to nearly 1,000 lawyers.

The Boston-based firm is merging with Alschuler Grossman LLP, a 40-lawyer outfit known for litigation. It will be Bingham's eighth acquisition since 1997 and its third in California since 2002. Bingham McCutchen now has 350 lawyers in California and nearly 1,000 worldwide.

Alschuler Grossman, which also handles real estate, real estate finance, mergers and acquisitions, and intellectual property work, successfully represented Arthur Andersen LLP in a $1.3 billion class action securities lawsuit filed in Arizona state court. It currently represents Grupo Televisa S.A. in its battles with Univision Communications Inc. and is defending Blockbuster Inc. from a patent infringement lawsuit filed by Netflix Inc.

Bingham's clients include Oracle Corp., Bank of America N.A., Boston Scientific Corp.
http://www.bingham.com