The Treasury Department revealed Friday that it had awarded contracts to three law firms worth up to $25.8 million combined to advise on auto industry restructurings and on how to provide debtor-in-possession financing for troubled manufacturers and suppliers.
The contracts, awarded on March 30, went to Cadwalader Wickersham & Taft, Sonnenschein Nath & Rosenthal, and Haynes and Boone. The contracts each carry a ceiling value of $8.59 million. An administration official confirmed the three firms are “providing legal support for the restructuring effort.”
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