CLIENT ENGAGEMENT Mervyn's Holdings, LLC Operator of midrange department stores Location: California Solvency opinion to the Board of Managers of Mervyn's Holdings, LLC in the acquisition of Mervyn's by Sun Capital Partners, Inc., Cerberus Capital Management, L.P., Lubert-Adler Management, Inc., and Klaff Realty, L.P. Rural Cellular Corporation (NASDAQ: RCCC) Provider of wireless telecommunications services Location: Minnesota Solvency opinion to the Board of Directors of Rural Cellular in connection with a redemption of certain classes of its preferred stock Precise Technology, Inc. Manufacturer of injection molded thermoplastics Location: Pennsylvania Solvency opinion to the Board of Directors of Precise Technology, Inc. in connection with a leveraged recapitalization of the company Bowe Bell & Howell Manufacturer of document scanners Location: North Carolina Solvency opinion to the Board of Directors of Bowe Bell & Howell in connection with a leveraged recapitalization El Pollo Loco, Inc. Operator and franchisor of fast-casual restaurants that specialize in Mexican-style chicken dishes Location: California Solvency opinion to the Board of Directors of El Pollo Loco, Inc. in connection with the issuance of $110 million in senior notes and a subsequent cash distribution to equity holders Herbalife, Ltd. (NYSE: HLF) Marketer of weight management, nutritional supplement and personal care products Location: California Solvency opinion to the Board of Directors of Herbalife, Ltd. in connection with the issuance of senior debt and the distribution of cash to equity holders and the repayment of debt Juno Lighting, Inc. Manufacturer of lighting and other fixtures Location: Illinois Solvency opinion to the Board of Directors of Juno Lighting, Inc. in connection with the financing and distribution of a special dividend to Juno's common and preferred shareholders Therma-Tru Corp. Manufacturer of fiberglass and steel exterior door systems for residential and commercial construction markets Location: Ohio Solvency opinion to the Board of Directors of Therma-Tru Corp. and its lenders in connection with a controlling investment in the company by KT Holdings Kansas City Southern Industries, Inc. (NYSE: KSU) Operator of a Class I rail system Location: Missouri Solvency opinion to the Board of Directors of Kansas City Southern Industries, Inc. in connection with the spin-off of its asset management subsidiary, Stillwell Financial, Inc. (currently known as Janus Capital Group) Horseshoe Gaming Holding Corp. Operator of casinos Location: Nevada Solvency opinion to the Board of Directors of Horseshoe Gaming Holding Corp. in connection with a leveraged recapitalization of the company Providian Corporation Provider of diversified financial services Location: Kentucky Solvency opinion to the Board of Directors of Providian Corporation in connection with the spin-off of its financial services subsidiary, Providian Bancorp, Inc. (currently known as Providian Financial Corporation) W-H Energy Services, Inc. (NYSE: WHQ) Provider of diversified oil field services Location: Texas Solvency opinion to the Board of Directors of W-H Holdings, Inc. in connection with a leveraged recapitalization of the company Giftco, Inc. Wholesaler of novelties and gifts Location: Illinois Solvency opinion to the Board of Directors of Giftco, Inc. in connection with a leveraged management buyout of the company Di Giorgio Corporation Food wholesaler and distributor Location: New Jersey Solvency opinion to the Board of Directors of Di Giorgio Corporation in connection with a leveraged recapitalization of the company Liquid Container L.P. Manufacturer of liquid containers Location: Illinois Solvency opinion to the lenders and the Board of Directors of Liquid Container L.P. in connection with the company's acquisition of Plaxicon Core Laboratories, Inc. (NYSE: CLB) Provider of oil and gas exploration services Location: Texas Solvency opinion to the lenders and the Board of Directors of Core Laboratories in connection with a leveraged management buyout of the company from Western Atlas, Inc. Sears Roebuck & Company (NYSE: S) Retail and department stores Location: Illinois Solvency opinion to Board of Directors of Sears in connection with spin-off of Allstate Insurance Group in a $10 billion transaction. Litton Industries, Inc. (NYSE: LIT) Designs and builds ships Location: California Solvency opinion to management and Board of Directors of Litton Industries in connection with spin-off of Western Atlas, Inc. in a $4 billion leveraged transaction. Quaker Oats Company (NYSE: OAT) Food and sports beverages Location: Illinois Solvency opinion to the Board of Directors of Quaker Oats in connection with spin-off of Fisher-Price. Liquid Controls Corporation Manufacturer of liquid controls Location: Illinois Solvency opinion in connection with $50 million leveraged acquisition of Plaxicon. Alpha Therapeutic Corporation Processes plasma-derived products Location: California Valuation of a 50% interest in connection with a corporate restructuring. Private Company Research and development for the U.S. Government Location: California Transaction feasibility study for potential sale of company. Empress River Casino Finance Corporation Owner and operator of riverboat casinos Location: Illinois Solvency opinion to management and Board of Directors in connection with a $150 million public bond offering. Arthur D. Little, Inc. Management and technology consulting Location: Massachusetts Solvency opinion to Board of Directors in connection with a $35 million private placement. Private Company Waste hauler and manufacturing Location: California Advisory work and valuation regarding the potential acquisition of a waste management company. Finlay Fine Jewelry Corporation Operator of jewelry department stores Location: New York Solvency opinion relating to a leveraged recapitalization of the company. Private Company Sand mining company Location: California Advisory work and valuation regarding the potential acquisition of a competitor. Public Company Provides energy services throughout North America Location: California Advised large public utility company regarding the potential spin-off of a division to senior management. Private Company Sound effects and music and motion picture production Location: California Determined the merger exchange ratio in connection with a roll-up of operating units of a media company. Private Company Distributor of fasteners Location: California Advisory work and valuation in connection with the potential sale of the company.