In one of the federal government's biggest legal services contracts ever, the Treasury Department has hired 13 law firms to help run the Troubled Assets Relief Program at a cost to taxpayers of up to $100 million, with the lion's share going to Cadwalader. But the TARP watchdog, the Congressional Oversight Panel, has faulted the agency for excessive secrecy when it comes to its outside counsel, as well as the potential for conflicts of interest in managing the $700 billion program.
Cadwalader Biggest Beneficiary as Treasury Adds Firms to Help Run TARP
The National Law Journal
October 4, 2010