Thacher, sullivan win credit crisis gigs

New York firm Thacher Proffitt & Wood has won a leading role in relation to the collapse of US bank IndyMac, while ­Sullivan & Cromwell is advising US mortgage group Fannie Mae on its possible government bailout.

Thacher Proffitt’s structured finance practice group chair Steve Kudenholdt is acting as legal counsel to the Federal Deposit Insurance ­Corporation, the government body that assumed control of the bank after it collapsed ­earlier this month.

At Sullivan & Cromwell, chairman Rodgin Cohen is acting for Fannie Mae.