New York State Pro Bono Opportunities Guide
Wachtell Team Worked Pro Bono on Fannie/Freddie Bailout
New York Lawyer
September 12, 2008
By Marisa McQuilken
Legal Times
Subscribe to Legal Times - 30 Days Free!
WASHINGTON - A team from Wachtell, Lipton, Rosen & Katz that drafted key components of the federal government's bailout plan for Freddie Mac and Fannie Mae did the work on a pro bono basis.
Partner Harold Novikoff said that the final document was drafted during 2 1/2 weeks before the plan was announced and that the process included "endless term sheets, and almost endless drafts."
In an e-mail, Mr. Novikoff said the firm did not charge for its services.
"We believe the matter to be of supreme importance to the nation and the capital markets," he wrote. "Therefore, we were pleased and privileged to assist the United States Treasury."
Law.com
Home
Advertisement:
