• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2008 / November / 05 / Treasury Dept. Awards Big Contracts for Bailout Legal Work to Squire Sanders and Hughes Hubbard

Treasury Dept. Awards Big Contracts for Bailout Legal Work to Squire Sanders and Hughes Hubbard

By Securities Docket on November 5, 2008, 6:33 am

As previously discussed here, some law firms are poised to generate significant fees from the current financial crisis.  To that list we can now law firms Squire, Sanders & Dempsey and Hughes Hubbard.  On Monday, the US Treasury announced that it will pay the two firms approximately $5.5 million each to assist the Department in the implementation of the Capital Purchase Program authorized under the Emergency Economic Stabilization Act.  It stated:

The firms will help the Department with executing transactions under the program, which includes reviewing executed investment agreements, working directly with accepted financial institutions to identify and resolve any legal issues before closing, and conducting the closing of transactions.

The agreements with the firms are effective until April 28, 2009. Treasury issued a request for quotes from five firms on the General Services Administration’s Federal Supply Schedules on October 24. The Department received four quotes in response. Based on the estimated transactions under the program, total costs for each firm is not expected to exceed approximately $5.5 million. More information on these contracts will be posted at https://www.fpds.gov (Federal Procurement Data System).

Read the Treasury Dept. announcement

Read the Squire, Sanders & Dempsey contract

Read the Hughes Hubbard contract

Blog Widget by LinkWithin

Posted in Industry | Tagged Fees, Lawyers

« Previous Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.