WASHINGTON, D.C. — The Antitrust Division of the Department of Justice and the Federal Trade Commission today announced times, location, and participants for the May 2, 2002 session in their joint hearings on "Competition and Intellectual Property Law and Policy in the Knowledge-Based Economy." This session will explore the efficiencies and competitive concerns that patent settlements may generate in a variety of industries and factual settings. The general public and press are invited to attend. Seating will be on a first-come, first-served basis with an overflow room provided. Written comments from interested parties may be submitted to the FTC.

9:00 - 9:30 a.m.:

Introductory Presentations George S. Cary, Partner, Cleary, Gottlieb, Steen & Hamilton Steven A. Stack, Jr., Partner, Dechert

9:30 a.m. - noon:

Panel Discussion Thomas O. Barnett, Partner, Covington & Burling Joseph F. Brodley, Professor, Boston University School of Law George S. Cary, Partner, Cleary, Gottlieb, Steen & Hamilton Robert N. Cook, Drinker, Biddle & Reath LLP Richard A. Feinstein, Partner, Boies, Schiller & Flexner LLP Phillip A. Proger, Partner, Jones, Day, Reavis & Pogue Prof. Carl Shapiro, Haas School of Business, University of California, Berkeley Steven A. Stack, Jr., Partner, Dechert

Further information about these and subsequent hearings, expected to extend through June, will be posted on the Antitrust Division's web site www.usdoj.gov/atr/hearing.htm and the FTC's web site www.ftc.gov/opp/intellect/index.htm as it becomes available.

MEDIA CONTACT: Gina Talamona, Office of Public Affairs 202-514-2007

STAFF CONTACT: Frances Marshall, Antitrust Division 202-305-2520

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