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Thacher Proffitt
Thacher Proffitt & Wood LLP was an American law firm headquartered in New York City. At its peak, the firm was made up of approximately 365 attorneys with offices in New York City; Washington, D.C.; Mexico City; White Plains, New York; and Summit, New Jersey. History The firm traced its founding back to 1848, when Benjamin Franklin Butler opened a legal practice with his son, William Allen Butler, at 29 Wall Street in New York City. The firm was headquartered in downtown Manhattan from 1848 until 2001, eventually occupying floors 38 through 40 of the 2 World Trade Center building prior to the building's destruction in the September 11 attacks. All of the firm's employees survived the attacks, and the firm temporarily relocated to midtown Manhattan before moving to 2 World Financial Center in September 2003. Thacher Proffitt was a market leader in the mortgage-backed securities (MBS) market, and in fact was instrumental in the creation of the residential MBS and commercial MBS ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Litigation
- A lawsuit is a proceeding by a party or parties against another in the civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. The term "lawsuit" is used in reference to a civil action brought by a plaintiff (a party who claims to have incurred loss as a result of a defendant's actions) requests a legal remedy or equitable remedy from a court. The defendant is required to respond to the plaintiff's complaint. If the plaintiff is successful, judgment is in the plaintiff's favor, and a variety of court orders may be issued to enforce a right, award damages, or impose a temporary or permanent injunction to prevent an act or compel an act. A declaratory judgment may be issued to prevent future legal disputes. A lawsuit may involve dispute resolution of private law issues between individuals, business entities or non-profit organizations. A lawsuit may also enable the state to be treated as if it were a private party i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Troubled Asset Relief Program
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis. The TARP originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion. On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. Purpose TARP allowed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of The Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and coins, while the treasury executes its circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes. The depart ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Above The Law (blog)
Above the Law (often abbreviated ATL) is a news website about law, law schools, and the legal profession. Established in 2006, the site is owned and published by Breaking Media. Influence The site has been sourced by '' GQ'', ''The American Lawyer'', ''Forbes'', '' Washingtonian'', and ''Gawker'', among others. In 2008, it was listed as one of the ''ABA Journal''s "100 Best Web Sites by Lawyers, for Lawyers". The site began publishing an annual law school ranking in 2013. Staff David Lat is the founding editor of Above the Law. As of 2019, Elie Mystal leads the publication, producing regular content along with Staci Zaretsky, Joe Patrice, and Kathryn Rubino, joined by a number of columnists from across the legal landscape. Controversies In 2011, Above the Law was sued for $50 million for an erroneous story about a rape to which one of its articles linked. The suit was ultimately settled out of court. In 2016, Above the Law received criticism from many publications when its B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sonnenschein, Nath & Rosenthal
Sonnenschein Nath & Rosenthal LLP (informally Sonnenschein) was an international law firm with nearly 800 lawyers and other professionals in the United States and Europe, serving businesses, non-profits and individuals.Firms - Chambers and Partners - Dentons Chambers and Partners. Retrieved on 2013-07-19. The firm was founded in Chicago in 1906 and as of May 2010 ranked as the 58th-largest law firm in the U.S. by revenue. In September 2010 it merged with London-based to form SNR Denton. History |
King & Spalding
King & Spalding LLP is an American international corporate law firm that is headquartered in Atlanta, Georgia and with offices located in North America, Europe, the Middle East and Asia. It has over 1,200 lawyers in 23 offices globally. It is Am Law 100, Global 30 and white-shoe firm. About King & Spalding, also known as "K&S", was founded on January 1, 1885 by Alexander C. King and Jack Spalding in Atlanta, Georgia Atlanta remains the global headquarters of the firm. The firm has additional offices in Austin, Charlotte, Denver, Houston, Los Angeles, Miami, New York, Sacramento, San Francisco, Silicon Valley, Washington, D.C., Northern Virginia and Chicago. K&S also has a London-based international arm, King & Spalding International LLP, which opened in 2003, and maintains offices or affiliates in Abu Dhabi, Brussels, Dubai, Frankfurt, Geneva, Paris, Riyadh, Singapore and Tokyo. Representative clients The firm has represented various, large companies and private equity fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenberg Traurig
Greenberg Traurig is a multinational law firm founded in Miami in 1967. As of 2022, the Greenberg Traurig is the 9th largest law firm in the United States. The firm has 43 offices in the United States, Latin America, Europe, the Middle East and Asia, and approximately 2500 attorneys worldwide. Their largest office is in New York City. The firm was founded by Larry J. Hoffman, Mel Greenberg and Robert H. Traurig. It is the ninth largest law firm in the United States by headcount and ranks in the top 20 of the Am Law 100 by gross revenue, in the top 10 of the NLJ 500, and in the top 25 of the Global 200. History In the 1970s, Greenberg, Traurig and Hoffman became Greenberg, Traurig, Hoffman, Lipoff, and Quentel with the addition of attorneys Norman H. Lipoff and Albert D. Quentel as named shareholders. The late Florida governor Reubin Askew was a named shareholder in the early 1980s while he also sought the Democratic nomination for president. Larry Hoffman became managing pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chadbourne & Parke
Chadbourne & Parke LLP, founded in 1902 by Thomas L. Chadbourne, was a 400 lawyer firm, which operated from 12 offices, in ten countries. Chadbourne was probably best known for its global practice in project finance and energy, international insurance and reinsurance practice, multi-jurisdictional litigation in courts from Rhode Island to Russia, and corporate transactions. On February 21, 2017, Norton Rose Fulbright and Chadbourne & Parke agreed to merge into a combined firm known as Norton Rose Fulbright, with about 4,000 lawyers and annual revenue around $2 billion. Overview In addition to its United States work, the firm has established substantial practices in Western, Central and Eastern Europe, Turkey, the Middle East and Latin America. In 2014, the firm moved to its home at 1301 Avenue of the Americas. Prior to 2014, the firm had been located at 30 Rockefeller Plaza, where it occupied eight floors. The firm moved to Rockefeller Plaza from its original Wall Street ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant #Citicorp, Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is Delaware General Corporation Law, incorporated in Delaware. Citigroup is the List of largest banks in the United States, third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board and is commonly cited as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bear Stearns
The Bear Stearns Companies, Inc. was a New York-based global investment bank, securities trading and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase. The company's main business areas before its failure were capital markets, investment banking, wealth management, and global clearing services, and it was heavily involved in the subprime mortgage crisis. In the years leading up to the failure, Bear Stearns was heavily involved in securitization and issued large amounts of asset-backed securities which were, in the case of mortgages, pioneered by Lewis Ranieri, "the father of mortgage securities". As investor losses mounted in those markets in 2006 and 2007, the company actually increased its exposure, especially to the mortgage-backed assets that were central to the subprime mortgage crisis. In March 2008, the Federal Reserve Bank of New York provided an emergency loan to try to avert a sudden co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
