Hedge Funds Prepare For Wave Of Subprime Litigation

Law360, New York (October 4, 2007, 12:00 AM EDT) -- With at least a dozen hedge funds embroiled in investigations into their collateralized debt obligations, regulators are likely to cast a wide net in bringing suits in the wake of the subprime lending crisis.

The U.S. Securities and Exchange Commission has already hinted that regulators are preparing to take the offensive against subprime hedge funds, noting that the agency “is looking at all the actors and their roles,” according to Commissioner Linda Thompson.

SEC Chairman Christopher Cox confirmed in June that the regulator had begun nearly...
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