House Grills FHFA On Outside Counsel Hires In Bank Suits

Law360, New York (October 07, 2011, 3:51 PM ET) -- A congressional panel last month asked the Federal Housing Finance Agency to explain its decision to hire Quinn Emanuel Urquhart & Sullivan LLP and Kasowitz Benson Torres & Friedman LLP to represent it in suits seeking to recover securities-related losses from 17 of the world's largest banks.

Rep. Darrell Issa, chairman of the House's government oversight committee, wants to know why the FHFA did not use government lawyers and how much it is paying the firms, according to a Sept. 29 letter he sent to the...
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