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Bear Stearns

Lawyers in spotlight over loophole

By Justin Baer in New York

Published: March 25 2008 00:00 | Last updated: March 25 2008 00:00

JPMorgan Chase’s sweetened bid for Bear Stearns, and the legal loophole that may have forced the acquiring bank’s hand, has drawn attention to the high-powered lawyers involved.

The negotiations pitted the Wall Street law firm of Wachtell, Lipton, Rosen & Katz, which counselled JPMorgan, against three others, Bear’s attorneys at Sullivan & Cromwell, Skadden Arps Slate Meagher & Flom and Cadwalader, Wickersham & Taft.

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