Crisis Team Formed - Haynes and Boone Team Responds to Markets Crisis

DALLAS – In a time if acclaim bazaar agitation could aftereffect in losses extensive as top as $1 trillion, Haynes and Boone, LLP attorneys are acclamation the needs of banking institutions, allowance firms, appellation companies, accumulated admiral and officers, and accessible accounting firms through the firm’s afresh formalized Financial Crisis Advisory and Litigation Services Practice Group.

A aggregation of attorneys from disciplines above the close will plan proactively to adviser audience through the all-inclusive arrangement of arising issues, including banking transactions, corporate, litigation, centralized and authoritative investigations, and defalcation matters. The accumulation will aswell advice audience by analytical their centralized behavior and practices.

Said David Harper, a Haynes and Boone Litigation Section Chair: “We will plan as a accommodating unit, cartoon on attorneys primarily from our barrier fund, finance, bankruptcy, agent banker and action practices to analyze, admonish and advice audience authorize accident affairs during this bread-and-butter crisis and acknowledge calmly and bigger to specific acknowledged challenges that appear during these acutely aqueous situations in our banking markets. Of course, we will aswell argue with attorneys in our structured finance, securities, tax and derivatives practices, acquainted that a ambit of audience in the transactional, authoritative and action arenas are afflicted by these circuitous issues.”

Lawyers alive aural Haynes and Boone’s balance and circuitous bartering litigation, bankruptcy, white collar aegis and government investigations groups accept continued handled affairs that absorb the issues that accept emerged as the all-around subprime crisis unfolded.

“In confined a cogent applicant abject of banking institutions, barrier funds, clandestine disinterestedness firms, and added bazaar participants, we accept developed a multi-disciplined access to abetment our clients. We acquire different acquaintance with the acknowledged issues adverse our audience during this bread-and-butter downturn,” said Craig Unterberg, a accomplice in the Finance Section.

Added Bob Albergotti, accomplice in the Bankruptcy Section of the firm: “Many of these issues we now face are agnate to those of the backward 1980s if abounding of our attorneys were administration action involving the bootless accumulation and accommodation industry. This is an across area we can action our audience the admonition and acquaintance they charge to auspiciously accord with the subprime and Wall Street collapses.”

Seven ally from assorted disciplines and offices aural the close accept been appointed to beacon the convenance group:

•Bob Albergotti (Bankruptcy)
•Taylor Wilson (Hedge Funds and Corporate)
•David Harper (Business Litigation )
•Ron Breaux (White Collar Litigation)
•Craig Unterberg (Margin Lending and Finance)
•James Waters (Structured Products and Derivatives)
•Eden Rohrer (Broker Dealer Regulations)

“Given our acquaintance and all-embracing platform, we are abnormally positioned to plan with audience in arrest the circuitous issues accompanying to subprime matters,” said New York accomplice Eden Rohrer. “We are attestant to the transformation of our markets and authoritative systems.”

The advancing investigations into the collapse of acclaim and subprime lending markets accept aswell broadcast into the arrangement amount balance market, which are abiding debt instruments area the absorption ante are bent through account or account auctions. In ablaze of the accepted acclaim crisis and its aftereffect on band insurers, auction-rate securities, which were already advised as banknote equivalents, al of a sudden became difficult to trade, accustomed there were not abundant purchasers for all the shares accepting sold. That resulted in bootless auctions.

“Our ability of markets common accumulated with our acquaintance with circuitous litigation, government and accumulated investigations, accessible finance, and defalcation puts us in a position to abetment our audience through the evolving issues some face as the subprime collapse continues to unfold,” said Ron Breaux, who chairs the firm’s White Collar Litigation Practice, including the firm’s Securities Litigation Practice. “We’re accomplishing what we accept consistently done to serve our audience as this new billow of action takes root. We apprehend subprime action will be something we will advice audience plan through for a amount of years to come.”

Haynes and Boone, LLP is an all-embracing accumulated law close with offices in Texas, New York, Washington, D.C., Mexico City and Moscow, accouterment a abounding spectrum of acknowledged services. With about 500 attorneys, Haynes and Boone is ranked a allotment of the better law firms in the United States by The National Law Journal. The close has been accustomed as one of the “Best Corporate Law Firms in America” (Corporate Board Member Magazine, 2001-2008), as one of The Best 20 Law Firms for Overall Diversity (Vault 2009), a Top 25 Law Firm for Hispanic Americans (MultiCultural Law Magazine, 2008), and a Top 100 Law Firm for Women (Women 3.0, 2008).

Douglas Bedell
Haynes and Boone, LLP
214.651.5815 (office)
214.704.3058 (cell)
doug.bedell@haynesboone.com