This is not breaking news, but I came across this in my research and thought it interesting. Law firm Winston & Strawn formed an RMBS "Rapid Response Team" earlier this year to help firms subject to investigation by President Obama's RMBS Working Group, which was formed to investigate RMBS fraud. A description of the team can be found here.
The Winston & Strawn team is lead by Robb Adkins, who is fresh off a two-year term leading the RMBS Working Group. Why should firms use the team? Because:
Winston & Strawn offers distinctive insight into the course the Working Group is likely to take — and how to navigate the road ahead. Winston partner Robb Adkins recently joined the firm after two years of service as the Executive Director of the Task Force, which is now pursuing the RMBS matters. As the founding leader of the Task Force, Mr. Adkins helped establish its membership and priorities. In his position, he worked with the leaders at DOJ, SEC, HUD, the Attorney General in New York and other states, as well as a wide array of federal and state regulators — the same leaders who are leading the Working Group.