Fried Frank's Financial Services Task Force Launches First in Series of Roundtable Briefings to Be Held October 1, 2008 in New York

    NEW YORK, Sept. 29 /CNW/ -- To assist clients as they navigate the
largest financial bailout in American history, Fried, Frank, Harris, Shriver &
Jacobson LLP announced today the formation of the Financial Services Task
Force comprised of senior attorneys from the Firm's banking, bankruptcy &
restructuring, corporate, government contracts, litigation, real estate and
securities practices.  The Firm also announced the first of a series of
roundtable briefings hosted by the Financial Services Task Force to be held
this Wednesday October 1, 2008 in New York.

    "The financial services sector has undergone in a matter of weeks what
might have otherwise taken decades to unfold, and those of us who serve it
must change with it to help our clients efficiently and effectively address
the complex challenges before them," stated Thomas P. Vartanian, corporate
partner and head of the Firm's Banking & Financial Institutions practice.

    The recent crisis in the financial services sector has severely
destabilized confidence and liquidity and resulted in a dramatic
reconfiguration of the market in just a few weeks.  With the Financial
Services Task Force, Fried Frank has consolidated and realigned the skills of
its practice groups to quickly lever off the experience of Firm attorneys,
both as former government officials and private practitioners.

    "We are confident in our team's unique ability to assist clients in areas
such as corporate recapitalizations and restructurings; supervisory mergers
and acquisitions; FDIC receiverships; regulatory enforcement matters; complex
litigation; bulk asset acquisitions and dispositions; purchasing assets from
the government; and advising on government contracts,"  stated Valerie Ford
Jacob, Fried Frank's Chairperson.

    To immediately assist clients, the Firm will host the first of a series
of roundtable briefings beginning this Wednesday, October 1, 2008.   Entitled
Weathering the Financial Services Storm of 2008, the roundtable will cover:
    - Private Equity Investments in Banks
    - FDIC Receivership Opportunities and Risks
    - Federal Rescues of GSEs and Financial Services Companies

    For more information on the Task Force or for information on the
roundtable, please contact Jennifer McCullam +1.212.859.4511 or

    Fried, Frank, Harris, Shriver & Jacobson LLP is a leading international
law firm with more than 650 attorneys in offices in New York, Washington,
D.C., London, Paris, Frankfurt, Hong Kong and Shanghai. Fried Frank lawyers
regularly represent major investment banking firms, private equity houses and
hedge funds, as well as many of the largest companies in the world.  The Firm
offers legal counsel on M&A, private equity, asset management, capital markets
and corporate finance matters, white-collar criminal defense and civil
litigation, securities regulation, compliance and enforcement, government
contracts, environmental law and litigation, real estate, tax, bankruptcy,
antitrust, benefits and compensation, intellectual property and technology,
international trade, and trusts and estates. The Firm has an association with
Huen Wong & Co. in Hong Kong.  More information on Fried Frank can be found at


For further information:

For further information: Jennifer McCullam, Communications Manager,
+1-212-859-4511, Web Site:

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