The U.S. Treasury Department has chosen Simpson Thacher & Bartlett as its lead legal adviser on the $700 billion bailout plan, Interim Assistant Secretary for Financial Stability Neel Kashkari said in a speech Monday. Six law firms were asked to consider taking the job. As of Monday, the department was refusing to name the other firms it had approached, but sources say two of the firms that did not take up the offer are Davis, Polk & Wardell and Wachtell, Lipton, Rosen & Katz.
Simpson Thacher Wins Lead Role on Treasury's $700 Billion Bailout Plan
The American Lawyer
October 14, 2008