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Hughes Hubbard & Reed LLP has acquired the New York-based bankruptcy, creditors' rights and finance firm Luskin, Stern & Eisler LLP. Michael Luskin, Richard Stern and Nathan Eisler will join as partners and Patrick Gartland as counsel. Four associates will come with them. They will be based in the firm's New York office and Richard Stern will co-chair Hughes Hubbard's bankruptcy and restructuring practice along with James Giddens. The firm is expected to increase its workload significantly as Giddens has represented the Securities Investor Protection Corporation (SIPC) since its inception, has served as trustee or personal counsel in six major SIPC liquidations and has just been appointed trustee for the liquidation of Lehman Brothers Inc., the broker-dealer.
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The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
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