Wachtell, Lipton, Rosen & Katz represented Cantor Fitzgerald LP as US Commerce Secretary Howard Lutnick passed his stake in the Wall Street business group to his children and private outside investors.
Wachtell corporate partner and co-chair of the firm’s M&A practice, David K. Lam, led the firm’s team of lawyers guiding the transaction. Wachtell has advised Cantor in past transactions, including its 2017 sale of subsidiary Berkeley Point Financial LLC to BGC Partners.
Lutnick ran Cantor for three decades until he joined President Donald Trump’s cabinet in February. He transferred his ownership of brokerage and investment bank to trusts of ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.