Wachtell to lead on mae/mac takeovers

Wachtell Lipton Rosen & Katz has scored the lead role advising the US Treasury on its takeover of mortgage giants Fannie Mae and Freddie Mac, with corporate partner Ed Herlihy and restructuring partner Harold Novikoff to the fore.

Cleary Gottlieb Steen & Hamilton partner Ken Bachman led his firm’s team for Morgan Stanley, financial ­adviser to the US Treasury. ­Cravath Swaine & Moore ­partner Robert Joffe is advising the independent directors of Fannie Mae, while Sullivan & Cromwell chairman Rodgin Cohen is advising the company.