Subprime
Recent events in the subprime mortgage and other credit markets have triggered novel and increasingly complex legal challenges for all types of businesses and will have far-reaching consequences that impact many industries worldwide, including consumer and commercial lenders, insurers, institutional and investment advisers, securities issuers and underwriters, and hedge, mutual, and other funds. As a result of the devaluation of subprime-mortgaged properties and debt and the shrinking of credit markets generally, a new wave of litigation, government and internal investigations, and legislative initiatives directed at curbing industry abuses and aiding failing financial institutions has begun to proliferate. At the same time, the current economic climate may create certain investment and acquisition opportunities.
BuckleySandler’s subprime practice draws on the Firm’s unparalleled depth and breadth of financial services expertise to effectively and efficiently help clients address all legal, regulatory, and public policy issues arising from today’s credit markets and to assist them in attaining their business objectives. The Firm’s multi-disciplinary attorneys – with expertise in the vast array of litigation, enforcement, and regulatory matters confronting the financial services and other industries – work closely with clients to formulate individualized solutions to these challenges.
BuckleySandler attorneys have represented companies affected by the decline in the subprime market in informal and formal investigations and actions by federal and state regulators and law enforcement agencies, in class actions and complex civil litigation, and before Congress. Our cases have involved a wide range of issues related to the subprime collapse, including those relating to loan origination and servicing practices, mortgage-backed securitization, lenders’ relationships with brokers and appraisers, and alleged violations of consumer protection, banking, and securities laws and regulations, as well as other issues posing civil and/or criminal liability exposure to clients. In addition, BuckleySandler attorneys have extensive experience advising on bankruptcy litigation issues surrounding failed financial institutions, and have advised clients on a broad range of matters, including those involving fraudulent conveyances, reclamation claims, marshaling of assets, insurance issues, and the pursuit of various third-party claims against directors and officers, auditors, and accounting experts.
For more information regarding our Subprime practice, please see our lists of Selected Law Enforcement Agency and Bank Regulatory Matters and Class Action and Complex Civil Litigation Representations.
Partners in this practice:
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Benjamin B. Klubes |
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Joseph M. Kolar |
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John P. Kromer |
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Jeffrey P. Naimon |
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Andrew L. Sandler |
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Jonice Gray Tucker |
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In-depth review of news & developments in the financial services industry.
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A full listing of national & state bank regulatory agencies & industry groups.