In early 2006, I nominated (here) the then-beginning wave of options backdating lawsuits as “this year’s model” – that is, the hot litigation trend that was being driven by the business scandal most prominent at the time. We are now well into 2007, but I have only just now determined the 2007 nominee
Subprime Litigation
Rating Agencies and the Subprime Lending Meltdown
By Kevin LaCroix on
Posted in Subprime Litigation
AIG’s announcement on May 10, 2009 (here) that it was taking a $128 million charge to allow for write-downs on subprime loans issued by its savings banking division illustrates how widespread the fallout from the subprime lending collapse is, and suggests the possibility that there may be further reverberations across the business economy…
Counting the Subprime Lender Lawsuits
By Kevin LaCroix on
Posted in Securities Litigation, Subprime Litigation
Updated November 12, 2011: As shown in the lists below, the lawsuits against subprime lenders are starting to mount up. This is hardly a surprising development; as the WSJ.com Law blog noted (here), law firms are already announcing their formation of subprime lending task forces and teams, just as a year…