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Hi there -

Wanted to update folks on where we stand with the follow up from our HF outreach about a month ago.

1. Mark Angelson has spoken to his closest friends in the space and they’re not the kind of fund we do work with here. He’ll still be a good contact for us, since he will continue to talk us up as he meets new people.
2. Sacks is away in Asia this week, will follow up next week upon his return.
3. Chanos forwarded me the email he sent to you folks. I mentioned the natural gas idea he had to Stuart.
4. We have a meeting with George Walker and his GC May 26, at 11 am in New York. Stuart will attend
5. I emailed the contact at State Street last Friday, and proposed an intro call this Friday. I haven’t heard back, and will re-ping today.
The good news is the firm hasn’t found any new appraisal actions to pitch to clients, and we now have a better understanding of who our targets can and should be.

On the asbestos/morecellator and mass torts more generally, we’re making progress. I have found, I think, the answer to Dino’s question about advertising for asbestos cases. Not sure it’ll be an answer they like. Getting clarity from the firm now. Once we get that, I think we need to talk internally about what the co-counsel deal will look like. Perhaps that’s a convo with Dino and Angelos himself. Moving on a parallel track, we need to see if the morecellator lead will come up to Wilmington and walk Beth and Tom through their in-take process and help us get our minds around how we can refine our process. If we get that nailed down, I’m sure Beth will want to pump more money in to finding new cases.

I talked with Tom Ayala on Friday about the call we had last week. He was enthused and intrigued about the asbestos work. So I think we have a receptive audience here at the firm, as long as it makes financial sense for them.

Give me a shout if you have any questions.
/ja

Joshua Alcorn
302/295.8340 (office)
302/598.1885 (cell)
josh@beaubiden.com