Lawyers' Role In Bailout Becoming Clearer

Law360, New York (October 13, 2008, 12:00 AM EDT) -- As the Treasury Department releases more details on the agency's efforts to lay the groundwork for its $700 billion bailout plan, the role lawyers and law firms will play in the government's rescue program is slowly being clarified.

On Monday, the Treasury Department said it hired Simpson Thacher & Bartlett LLP to help advise the government on taking equity stakes in banks, highlighting at least one way outside law firms will be tapped to fill in the details of the Treasury's Troubled Asset Relief Program, or...
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