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Paul Aguggia is resigning from a large law firm to take the helm at Clifton Savings Bancorp in New Jersey, joining the company in advance of an anticipated second-step conversion.
September 5 -
Fannie Mae used its authority over Bank of America's sales of mortgage-servicing rights to resolve a bitter dispute involving mortgage repurchases, the inspector general of the Federal Housing Finance Agency says.
August 22 -
Law firm Ballard Spahr is preparing for an increase in consumer lawsuits in New York prompted by new state and federal regulations.
August 27
Kathleen Brown's colorful resume includes stints as California state treasurer, chair of investment banking in the Midwest at Goldman Sachs and board member at Countrywide Financial. Now Brown is trying on a new role as a partner at law firm Manatt, Phelps & Phillips.
Brown will be based in Manatt's Los Angeles office, the company said in a press release last week. Her practice will focus on business counseling, government and regulatory affairs, particularly as they relate to the healthcare, energy and financial services industries.
"[Brown] has a distinctive and unique background," Manatt Chief Executive William Quicksilver said in the release. "Her leadership for one of the world's largest financial services firms and the country's largest state gives her a deep understanding of business and government and the interplay of the two with the healthcare, energy and banking sectors-all areas where Manatt excels."
Brown retired from Goldman Sachs (GS) in June after 12 years in senior management roles. She also served in senior positions at Bank of America (BAC) from 1995 to 2001. Before that, she was California state treasurer from 1991 to 1995.
The sister of California Gov. Jerry Brown, Brown served on the board of ill-fated mortgage giant Countrywide for two years. She
A New York Times
"'We would give them a lower grade if we had one,'" Corporate Library editor Nell Minow told the Times. "'They overpay their chief executive. They have the strongest possible antitakeover defenses and they don't seem to know how to manage risk.'"
Brown was among the defendants named in