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: Law Blog - WSJ.comWorking for the Weekend: The Lawyers on the Citi Bailout
By Ashby Jones
The buzz in these parts this morning is all about Citigroup, the latest beneficiary of government largesse. The financial-services behemoth, whose stock last week fell off a cliff, last night reached a deal with government officials whereby the government would absorb potentially hundreds of billions in losses on toxic assets. Click here for the WSJ story; here for the NYT account.
A whole mess of lawyers worked deep into the night. Repping Citi: a team lawyers from Davis Polk & Wardwell that included Gar Bason, Randall Guynn, Louis Goldberg and Avishai Shachar.
Repping the New York Fed: a team from Cleary Gottlieb Steen & Hamilton that included partners Mark Walker, Ray Check and Kimberly Blacklow, and counsel Sandra Rocks.
Full post as published by Law Blog - WSJ.com on November 24, 2008 (boomark / email).
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