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Lawyers are key in mortgage giants' rescue
As Tropical Storm Hanna slammed Washington with heavy winds and 6 inches of rain on Sept. 6, a team of lawyers working for Freddie Mac and Fannie Mae was hunkered down behind the closed doors of a mercifully dry Federal Housing Finance Agency conference room.It had been a slog to get there. Many of the lawyers, as well as the companies' financial advisers and directors, had raced in from New York that Saturday morning.First impressions: Leonard J. Kennedy
Personal: Kennedy grew up in New York City. His wife, Ellen, is a textile artist turned papermaker. The couple have two daughters-Julia, 12, and Emma, 9. When he isn't working, Kennedy is a practitioner and teacher of tai chi. He also is an avid reader of books on economics and financial history. He's on the boards of his daughters' school and the Appleseed Foundation, which uses the law to encourage social reform.Davis Polk Finds Windfall in Financial Crisis
On July 23 the Federal Home Loan Mortgage Corp.'s general counsel, Robert Bostrom, called Randall Guynn, head of the financial institutions group at Davis Polk & Wardwell. Davis Polk wasn't one of Freddie Mac's outside law firms.ConAgra Faces 39 Suits Over Bad Peanut Butter
In February, ConAgra Foods recalled Peter Pan and Great Value peanut butter produced at a Georgia manufacturing plant due to salmonella contamination cases. Now, 39 food-poisoning suits involving dozens of litigants have mushroomed into multidistrict litigation in Atlanta federal court. Three different plaintiffs attorneys are handling the suits, including William D. Marler, whose firm will use a two-pronged offense with a potential class action and individual suits for more seriously stricken plaintiffs.Marcellus Shale Creates Lateral Movement in Pennsylvania
Not only has the Marcellus Shale drummed up significant legal work for litigators, land use and transactional attorneys alike, it has created movement in the lateral market as firms look to build practices catering to the oil and gas industry's interest in the natural gas reserves within the shale.The Churn: Lateral Moves and Promotions in The Am Law 200
Birmingham's Balch & Bingham merges with a Florida banking firm; White & Case hires two in-house lawyers in Silicon Valley; and Thompson & Knight opens in Los Angeles. The Churn is constant. Please send all announcements to [email protected].The Bankruptcy Files: Reddy Ice Retains DLA Piper for Restructuring, Merger
On the Record with Bradley Shingleton
Legal Times talks with Bradley Shingleton, who is general counsel of Deutsche Telekom Inc., a U.S. subsidiary of Germany-based Deutsche Telekom AG.Trending Stories
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Criminal Division's Evaluation of Corporate Compliance Programs: September 2024 Updates Review
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