WHITE PLAINS, NY, September 8, 2003 — The Securities Arbitration Clinic ("SAC") at Pace Law School is pleased to announce the launch of the Pace Investor Rights Project ("PIRP"), made possible by a $200,000 grant from a monetary settlement negotiated by the New York State Attorney General’s office. Consistent with the mission of Pace University to support faculty teaching and research, as well as to foster student learning and civic engagement, PIRP, under the co-direction of Professors Barbara Black and Jill Gross, will develop three programs in the area of investor justice: Advocacy, Research and Education.

The Advocacy Program will incorporate and expand upon SAC by extending the scope of legal services provided by students under faculty supervision to New York State investors. By enhancing SAC’s experiential learning curriculum, students will receive invaluable and practical training in a cutting-edge area of securities law.

PIRP’s Research Program will increase and support faculty and student research in the area of investor rights. PIRP will hire students during the academic year and summer to provide research assistance and original scholarship to its research projects. PIRP will also produce a national academic conference on Investor Rights during the 2004-2005 academic year.

PIRP’s Education Program will focus on public outreach and information for the investing public. PIRP will develop investor education programs and publications that will be used to inform investors of their rights and responsibilities by following legal trends on the state and federal level and by publishing surveys, position papers and other information on the duties of brokers and their firms.

Pace University School of Law will be seeking additional funding from private and public sources to permit the Investor Rights Project to continue its advocacy, research and teaching activities beyond 2005. SAC was founded in 1997 as the first law school clinic in the country dedicated to providing free legal representation to small investors who have disputes with their broker-dealers that must be resolved through arbitration

Founded in 1976, Pace Law School is a New York Law School with a suburban campus in White Plains, N.Y., 20 miles north of New York City. Part of Pace University, the school offers the J.D. program for full-time and part-time day and evening students. Its postgraduate program includes the LL.M. and S.J.D. degrees in Environmental Law and an LL.M. in Comparative Legal Studies. Pace has one of the nation's top-rated Environmental Law programs and its Clinical Education program also is nationally ranked, offering clinics in domestic violence prosecution, environmental law, securities arbitration, criminal justice and disability rights. www.law.pace.edu