Treasury Taps Two Firms For Bailout Work

Law360, New York (November 4, 2008, 12:00 AM EST) -- The U.S. Treasury Department has tapped Hughes Hubbard & Reed LLP and Squire Sanders & Dempsey LLP to assist the government in implementing the Capital Purchase Program under the $700 billion bailout plan passed last month.

Hughes Hubbard and Squire Sanders will each receive as much as $5.5 million apiece in fees for their advice through April 28, the Treasury Department said.

The firms will assist the government in carrying out transactions under the Emergency Economic Stabilization Act's Capital Purchase Program, according to the department. The...
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