WASHINGTON -- A New York law firm said it has paid the Resolution Trust Corp. $45 million in restitution to avoid years of costly litigation with the government agency.

Paul, Weiss, Rifkind, Wharton & Garrison and former partner Peter R. Haje also consented to a cease and desist order issued by the Office of Thrift Supervision that "circumscribes" their future representation of banks and thrifts and suspends Mr. Haje from practice before the OTS.

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