Milbank, Tweed, Hadley & McCloy will be reprising a role it had in the Enron bankruptcy with its appointment to represent the creditors’ committee in Lehman Brothers’ Chapter 11 filing.
In an about-face, the federal government has agreed to loan the American Insurance Group $85 billion in return for a nearly 80 percent ownership interest in the company, prompting debate…
Although insurance giant American International Group Inc. may be saved, with federal help, from having to file for bankruptcy, its troubled financial situation has made an already busy law firm…
Weil, Gotshal & Manges had a stroke of good fortune when its premier bankruptcy partner, Harvey Miller, returned last year after a five-year hiatus with the firm.
Turmoil on Wall Street has brought major business to a few well-known law firms, as Lehman Brothers sought bankruptcy protection and Merrill Lynch & Co. agreed to be purchased by…
Lehman Brothers has filed for bankruptcy after round-the-clock negotiations failed over the weekend and the last potential buyer, Barclays PLC, withdrew its bid.
Seventeen lawyers from Wachtell, Lipton, Rosen & Katz drafted the agreement governing the Treasury Department’s takeover of Fannie Mae and Freddie Mac, according to a lead partner on the legal…
Plaintiffs securities law firm Coughlin Stoia Geller Rudman & Robbins filed suit against Fannie Mae just one day after its takeover by the government was announced.
A former colleague says the general counsel of Fannie Mae is well-suited to help restore confidence at the mortgage giant taken over by the federal government last weekend, if she…
Updated: The announcement this weekend of a U.S. takeover of the nation’s two mortgage giants followed failed talks with potential Freddie Mac investors at the headquarters of Goldman Sachs and…
An FBI official foresaw in 2004 that mortgage fraud was a ticking time bomb. But the agency didn’t devote enough resources to protect the nation’s economy from what has proved…
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