Baker Botts Grows Staff in New York, Houston

International law firm Baker Botts augmented its staff with the addition of two attorneys for New York legal jobs and one lawyer for a Houston legal job, according to a press release.

Legal recruiting benefits the New York office with the additions of William S. Lamb and Michael W.E. Didriksen while the Houston office gained the services of Thomas J. Moore.

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Tags:  Baker Botts L.L.P. | New York

Seventeen Institutional Investors Obtain Agreement From ResCap Debtors to Stipulate to $8.7 Billion Allowed Claim for RMBS Trusts in ResCap Bankruptcy

Today, seventeen institutional investors (RMBS Holders) represented by Gibbs & Bruns LLP and Ropes & Gray LLP announced they had achieved an agreement with Residential Capital LLC and its affiliated debtors (Debtors) to grant an $8.7 billion allowed claim to 392 residential mortgage backed securities trusts (the “Covered Trusts”) issued by affiliates of the Debtors during the period from 2004 to 2008. The RMBS Holders hold, or manage investments for holders of, more than $13 billion in outstanding RMBS securities issued by over 350 of the Covered Trusts.

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Tags:  Houston