The Uptick in Subprime and Credit Crisis-Related Litigations is … Where?

As the media has reported, Clifford Chance has laid off 20 litigators in the mortgage-back securities practice (here) due to “sluggishness” and the fact that the expected uptick in litigation “has

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

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

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The Bailout and Contract Attorney Jobs … More News

Our contacts at Treasury indicated that the “staff up” has been on hold, although the FDIC and OTS are still staffing up because of other related regulatory events. For those of you following

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The Bailout Plan and Contract Attorney Work … An Update

The bailout plan and contract attorney work … an update to our September 25th posting: Yesterday the administration announced that a former Goldman Sachs executive will be the interim head of its $700

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New Software: OrangeLT Predictive Pricing Estimator

Since we have so many law firms and government agencies that subscribe to the list, we thought we’d distribute the following.  This comes to us via our friends at Gabe Guide who do a first-rate

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Contract Attorney Projects Galore … Another “New Wave” Credit Crisis Lawsuit, With More to Come

As has been reported in all the legal media web sites, the tsunami of filed and pending financial meltdown/subprime-related securities cases is still on the rise.  Nobody covers this better, by the way,

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The Bailout Plan and Contract Attorney Work

For those, like us, who remember/worked at the Resolution Trust Corporation (RTC) after it was established in 1989, the agency hired 450 attorneys in a matter of a few months.  A GAO report found over

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Contract Lawyers Blamed for Failure to Provide Emails

Trial of McAfee Former GC Begins, Delay in Disclosing Critical E-Mails Explained From: The Recorder   After a federal judge warned that “heads will roll” in the McAfee case, a Howrey counsel

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The Current Financial Crisis, the Wall Street Law Firms and Contract Attorney Work

Quite a number of Posse List members have asked us for a site that discusses the current financial crisis vis-a-vis the Wall Street law firms that many of us rely on for work.   A very good site (continually

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The Federal Reserve Bailout of AIG

From: D & O Diary, September 17, 2008 In a statement issued on Tuesday evening, the Federal Reserve announced that it had authorized a loan of up to $85 billion to American International Group. This

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