Bernstein Liebhard LLP Appointed Lead Counsel in Class Action Against Security Capital Assurance Ltd.

On April 23, 2008, Judge Deborah A. Batts of the United States District Court for the Southern District of New York appointed Bernstein Liebhard LLP (the “Firm”) to act as sole lead counsel in In re Security Capital Assurance Ltd. Securities Litigation, Civ. No. 07-CV-11086 (DAB) (S.D.N.Y.), a securities class action. The Firm represents the Employees’ Retirement System of the State of Rhode Island, which the Court appointed as lead plaintiff. The Court ordered the filing of a consolidated class action complaint no later than June 23, 2008.