Treasury Hires Thacher, Proffitt & Wood, LLP under bailout program

The U.S. Treasury Department today announced that Thacher, Proffitt & Wood, LLP will assist the Department with its investments in the Federal Reserve’s Term Asset Backed Securities Loan Facility authorized under the Emergency Economic Stabilization Act.  The firm will help the Department with investments in any entities for the purpose of purchasing asset-backed securities from a lending facility, such as the Federal Reserve facility announced on November 25.  The procured services could include the negotiation and drafting of relevant documents, such as investment agreements, debt agreements, security agreements or other documentation necessary to implement such investments under the Troubled Asset Relief Program.

The full press release click here.

We do not know if this means the firm will be bringing on temporary attorneys but that has been the pattern in the past.  We do not have a contact at Thacher but we know that Posse List members have worked at the
firm.