Client Alert

| October 16, 2008

TARPOONED: The Recapitalization of the US Financial Industry

After a week that saw U.S. and international financial markets submerged in panic and major stock indices worldwide sink to bottoms not seen in years, on October 14, the U.S. Treasury, Federal Reserve and FDIC announced watershed measures aimed at rescuing the flailing U.S. markets.

For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:

L. Charles Landgraf

+1 202 346 8067

Donald J. Murray

+1 212 259 6575

George M. Williams

+1 212 259 8064

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383