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Simpson Thacher Wins Lead Role on Treasury’s $700 Billion Bailout Plan

October 14, 2008
/ The financial crisis: background, TARP jobs

From: The American Lawyer, October 14, 2008

The U.S. Treasury Department has chosen Simpson Thacher & Bartlett as its lead legal adviser on the $700 billion bailout plan from among a group of six law firms that were asked to consider taking the job, Interim Assistant Secretary for Financial Stability Neel Kashkari said in a speech Monday.

The department contacted the six firms Thursday to advise on the equity program’s structuring. Only two of the firms responded.

By Friday, Simpson Thacher had been tapped, Kashkari said. The firm began work immediately…

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