Truthmatters
Diamond Member
- May 10, 2007
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- #61
http://www.hcmp.com/web_documents/subprime_mortgage_crisis_securities_litigation.pdf
I. INTRODUCTION
The crash of the subprime lending market and the resulting credit crisis are now leading
to the biggest wave of financial litigation since the savings and loan debacle of the early 1990s.
Securities litigation accounts for a significant percentage of the subprime cases filed to date.
This paper will describe the alphabet soup of complex securities involved in subprime litigation;
chart the evolution of subprime mortgage financing and the current crisis; examine the emerging
claims and theories of liability in subprime securities litigation; and consider several early
subprime securities decisions.
I. INTRODUCTION
The crash of the subprime lending market and the resulting credit crisis are now leading
to the biggest wave of financial litigation since the savings and loan debacle of the early 1990s.
Securities litigation accounts for a significant percentage of the subprime cases filed to date.
This paper will describe the alphabet soup of complex securities involved in subprime litigation;
chart the evolution of subprime mortgage financing and the current crisis; examine the emerging
claims and theories of liability in subprime securities litigation; and consider several early
subprime securities decisions.