Motley Rice Expands Securities Team’s Capabilities

MT. PLEASANT, SC – April 20, 2011 – Motley Rice is proud to announce that Adam W. Foulke, Director of Business Analysis, has earned the Certified Fraud Examiner (CFE) credential from the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization.

After meeting extensive experience-related criteria and passing an four-part exam demonstrating knowledge in four areas essential to identifying fraud — fraudulent financial transactions, criminology and ethics, the legal elements of fraud, and fraud investigation, he was sworn in as certified.

As a CFE, Foulke has the ability to examine financial records to find and trace fraudulent transactions, write investigative reports, advise clients and testify at trial. He has a keen understanding of securities fraud and the factors that motivate people to commit fraud. Foulke joins the ranks of examiners that have investigated more than 1 million suspected cases of civil and criminal fraud.

“Fraud is a global problem. The ACFE estimates that the typical organization loses five percent of its revenue due to fraud. Applying this metric to Gross World Product, we come to a staggering $2.9 trillion of potential annual fraud losses. Adding the CFE credential to my quiver helps us advance our fraud loss prevention and recovery strategies for clients,” said Foulke who works with the securities litigation team to analyze the securities markets, develop cases, track actions and monitor clients’ investment portfolios for potential losses due to fraud.

“Adam’s hard work and continued dedication to uncovering fraud is instrumental in helping our securities team provide high standards of service to our clients. Adam earning the CFE greatly expands our forensic abilities and allows us to serve our current and potential clients with new perspective and skills,” said Motley Rice securities and consumer fraud practice group leader, Bill Narwold.

About Motley Rice LLC

Motley Rice is a plaintiffs’ litigation firm with attorneys recognized for their willingness to litigate complex civil cases. Our attorney’s experience taking on large corporate wrongdoers began in the 1970s with asbestos litigation,followed by the fight against the four largest tobacco manufacturers in the 1990s that resulted in the largest financial resolution of civil litigation in U.S. history. In the wake of the financial crisis, Motley Rice securities and consumer fraud lawyers litigate securities fraud 10(b) class actions, deal and merger cases, and shareholder derivative cases on behalf of activist investors, multi-employer plans, public employee retirement system funds, Taft-Harley pension funds and other institutional investors. With 65 attorneys and hundreds of staff, the firm handles diverse litigation that helps to protect those harmed by wrongdoing. Motley Rice LLC is headquartered in the Charleston, S.C., area and has additional offices in California; Connecticut; New York; Rhode Island; Washington, D.C.; and West Virginia. Motley Rice LLP operates the California office. For more information, contact William H. Narwold (CT, DC, NY, SC) at 1.800.768.4026. For more information, click here: http://www.motleyrice.com/.

The ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. With nearly 55,000 members, the ACFE is reducing business fraud world-wide and inspiring public confidence in the integrity and objectivity within the profession. For more information about the ACFE, visit www.ACFE.com.