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Foster Swift Forms Economic Recovery Task Force

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November 5, 2008

The law firm of Foster, Swift, Collins and Smith, P.C. is pleased to announce the launch of its new Economic Recovery Task Force.  This inter-disciplinary group of attorneys and professionals will focus on assisting clients in the multitude of challenges and decisions that confront them in today’s business environment.  Specifically, the Task Force will assist banks, bank & financial holding companies, credit unions, insurance companies, and other affected entities in analyzing and responding to the Emergency Economic Stabilization Act of 2008 ("the bailout bill").

The Economic Recovery Task Force is led by Farmington Hills' shareholder Randall L. Harbour - leader of the firm's Banking, Finance and Real Estate Group.  Made up of attorneys from several practice groups with broad and significant experience, the Foster Swift Task Force provides assistance in the areas of banking regulation, insurance regulation, real estate, corporate finance, insolvency, bankruptcy and creditors’ rights, complex litigation, securities, mergers & acquisitions, labor, governmental relations and administrative law.

In the area of banking and financial services companies, Foster Swift is a leading legal services provider in Michigan.  The Banking, Finance & Real Estate Group represents banks, bank holding companies and financial holding companies in all areas of their operations.  Foster Swift attorneys have extensive experience in dealing with the federal and state regulators – the Federal Reserve, FDIC, OCC, OTS, and OFIR.  The Firm also represents insurance companies in operational matters, litigation, and with applications and dealing with the regulatory agencies.

Foster Swift attorneys from their Commercial Litigation Group provide aggressive and hard working representation for its clients in complex litigation, lender liability litigation, white collar crime, and environmental and real estate matters.

The Foster Swift Business & Corporate Group provides experience and service in business issues, corporate governance, securities matters, and due diligence issues.  The group's attorneys also advise clients on the design and implementation of compliance and ethics programs.  These programs help protect companies in the event of governmental investigations or civil or criminal litigation.  Foster Swift corporate attorneys also have extensive experience with the federal and state securities laws, and dealing with the SEC.

Foster, Swift, Collins & Smith, P.C. is a law firm founded on the 106 year-old tradition of quality service based on experience, performance and results.  With offices in Lansing, Farmington Hills, Detroit, Grand Rapids, and Marquette the firm’s attorneys provide general, local and special counsel to businesses and individuals throughout the Midwest.