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Major clients
Curtis represented now-defunct securities firm Drexel Burnham Lambert in charges under the RICO Act and the Securities Act by the United States government. Key clients include Verizon and Flextronics in the telecommunications sector, Access Industries and the Century Aluminum Company (a subsidiary of Glencore International AG), in the industrial sector, and Citgo, PDVSA, YPFB and KazMunayGas, in the petrochemical sector. The firm is noted as representing state-owned or parastatal energy companies. Curtis also represented the Air Transportation Stabilization Board in a number of transactions regarding air carrier consolidation and restructuring following the September 11 attacks. The firm was retained by bankrupt investment bank Lehman Brothers to serve as conflicts counsel in its Chapter 11 proceedings when its lead counsel, Weil, Gotshal & Manges, cannot act due to conflicts of interest. Noted clients also include Mexican state oil company Pemex and Venezuelan PDVSA.[citation needed]
Drexel Burnham Lambert was an American investment bank that was forced into bankruptcy in February 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.[1] After Drexel's collapse, Kurt Eichenwald of the New York Times noted that the bank "fueled many of the biggest corporate takeovers of the 1980s."[2]
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