Riker Danzig Expands Troubled Assets Recovery Group

Riker Danzig Expands Troubled Assets Recovery Group
Oct 31, 2008

Drawing on its substantial experience representing the RTC and FDIC in connection with their savings and loan takeovers as well as financial institutions and investors in connection with troubled assets, Riker Danzig has expanded its Troubled Assets Recovery Group as a multidisciplinary response to advise clients regarding the recently-established Troubled Asset Relief Program (TARP) of the U.S. Department of the Treasury. Riker Danzig has assembled a highly skilled and experienced team of attorneys to assist governmental agencies, financial institutions, bank executives, asset managers, investors, developers, and other clients in understanding and responding to the ongoing economic tumult and to TARP and other government initiatives.

With its significant experience, and strong practices in loan workout, financial institutions, banking litigation, government affairs, real estate, mergers & acquisitions, financial restructuring and white collar criminal law, Riker Danzig’s Recovery Group is exceptionally well-positioned to assist clients in taking advantage of new opportunities and avoiding pitfalls created by the rapidly changing regulatory structure and financial climate. In addition, the broad-based knowledge of Recovery Group members enables them to advise potential buyers and sellers of distressed real estate, distressed companies and distressed debt, and represent companies in investigations and litigation arising out of the financial markets disruption.

“Our clients are doing business in extraordinary times, and we have been working with them in order to move forward and address the potential risks and focus on the possible opportunities arising out of this uncertain financial market,” noted firm co-chairman Gerald A. Liloia, who is heading the Troubled Assets Recovery Group.