Marc B.Hankin

Last month, Partner Neil Barofsky testified before the US Senate Judiciary Committee to present findings from the ongoing investigation into Credit Suisse's historical ties to Nazi-era clients. His testimony, which included a 75-page written statement, revealed previously unreported relationships between the bank and Nazi-era entities.

In early October 2022, the Puerto Rico government made the first installment, in the amount of $1.4 billion, to the Pension Reserve Trust newly established pursuant to Puerto Rico’s Court-approved Plan of Adjustment. This marks an important milestone in the creation of a secure system for the full payment of approximately $55 billion in accrued public pension benefits in Puerto Rico. In its negotiations with the Puerto Rico Oversight Board regarding accrued pension benefits, the Official Retir

Jenner & Block is helping five individuals with disabilities who use New York City paratransit services file a class action lawsuit to end discrimination that excludes them from transit fare discounts.

On January 18, 2022, US District Court Judge Laura Taylor Swain confirmed the Plan of Adjustment for the Commonwealth of Puerto Rico in the Commonwealth’s restructuring case under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), ending the largest public-sector restructuring case in US history, and one of the most complex restructuring cases of any kind. The Title III cases of the Commonwealth and affiliated debtors address approximately $80 billion of pu

On June 8, 2020—shortly after announcing the program was set to launch—the Board of Governors of the Federal Reserve (Federal Reserve) announced material changes to some of the key terms for the “Main Street” lending program.[1]  As of June 15, 2020, months after it was first announced, the program is finally operational.

UPDATE: The Federal Reserve Board issued substantive updates to the program on June 8, 2020, after this alert was originally published.  As a result, some of the information below no longer reflects the current terms of the program.  We will soon be posting a revised version of this alert including the relevant updates. 

On April 9, 2020, the Board of Governors of the Federal Reserve (Federal Reserve) announced an array of new and expanded programs designed to ease the economic dislocation caused by the COVID-19 pandemic.  Together, these programs will provide up to $2.3 trillion in funding to support the flow of credit to US businesses of all sizes, individual households, and state and local governments.  Although these programs in many ways mirror those established by the Federal Reserve after the 2008 financi

COVID-19 presents an unprecedented global public health challenge that is placing significant stress on economic activity and financial markets.  Widespread mitigation efforts including social distancing and travel restrictions are most directly affecting businesses such as airlines and manufacturers reliant on an international supply chain.  However, at this point it is not possible to accurately predict COVID-19’s second and third order effects.