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Top Firms Help Shape Citigroup Bailout

Law360 (November 24, 2008, 12:00 AM EST) -- Several top law firms were involved in hammering out the details of a government rescue deal for financial conglomerate Citigroup Inc., including Davis Polk & Wardwell, Cleary Gottlieb Steen & Hamilton LLP and Cravath Swaine & Moore LLP, representatives from the firms said.

A team from Davis Polk represented Citigroup in the negotiations on Sunday, according to a firm spokesman. Cleary Gottlieb represented the Federal Reserve, and Cravath represented Citigroup’s board, which the firm represents regularly, according to representatives for the firms.

In the agreement reached...
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