Law Firm Thacher Proffitt Announces its Role as Counsel to the FDIC as Conservator for IndyMac

New York, NY, July 21, 2008 (LAWFUEL) – Thacher Proffitt & Wood LLP announced today that the firm has been engaged as counsel to the Federal Deposit Insurance Corporation (“FDIC”) as conservator of IndyMac Federal Bank, F.S.B., the newly formed federal savings bank that received substantially all of the assets of IndyMac Bank, F.S.B., which was taken into receivership as announced by the FDIC on July 11, 2008. This engagement pertains to corporate and transactional matters relating to the conservatorship.

The Thacher Proffitt team for this engagement is led by Stephen S. Kudenholdt, chair of the Structured Finance practice group, and partner Robert C. Azarow of the firm’s Corporate and Financial Institutions practice group.

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