There are five Trustees of the ART, each of whom has served since the inception of the ART: Bryan E. Bloom, age 51, presently serves as in-house counsel, analyst and portfolio manager at W.R. Huff Asset Management Co., L.L.C., an investment management firm, and its various affiliates.
Mr. Bloom joined Huff in 1994.
Prior to that time, he was a tax partner at the law firm of Shanley & Fisher.
Mr. Bloom is currently a director of CKX, Inc., is a director of FXRE Inc. and is on the board of several private companies.
Mr. Bloom serves on the Audit Committee of the ART.
The Audit Committee is composed of Mr. Bryan E. Bloom, Mr. Lee S. Hillman, and Mr. Ralph J. Takala (Chairman).
The independent Trustees have determined that Mr. Bloom
is not independent based on his
affiliation with W.R. Huff
Asset Management Co., L.L.C. and its affiliates (collectively “Huff”), which controls Interests in the ART
. Additionally, Huff
, on behalf of certain of its clients, former clients and affiliates, had, prior to the commencement of the litigation by the Adelphia bankruptcy estate, commenced separate third party litigation alleging securities law violations and other claims against some of the same defendants as the ART.