One of the lawyers charged with serving as a watchdog of the $700 billion Troubled Asset Relief Program is leaving the federal government to help head up the securities litigation practice at Mayer Brown.
Richard Rosenfeld has been working for the special inspector general of the TARP program, which Congress created in October 2008 to try to stabilize the financial markets. Rosenfeld has been chief of investigations for the office popularly known as the “Sigtarp.” He managed more than 80 lawyers and other staff members, according to a Mayer Brown news release.
Rosenfeld will split his time between Mayer Brown’s New York and Washington offices. In the news release, he cited the firm’s “strong reputation for the highest quality representation in prominent situations.” He will be co-head of the securities litigation and enforcement group.
Before joining TARP’s special inspector general, Rosenfeld was a partner at Pillsbury Winthrop Shaw Pittman and, before that, at Akin Gump Strauss Hauer & Feld. He’s also a former enforcement lawyer at the U.S. Securities and Exchange Commission. He was not immediately available for comment today.