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Subprime Fallout

Law360 (November 28, 2007, 12:00 AM EST) -- Nearly every day, newspaper headlines announce new asset write-downs, bankruptcy filings and lawsuits relating to the subprime debt market. If more and more subprime loans go into default, these problems are likely to continue and may worsen.

The press also regularly reports that subprime credit issues are causing a ripple effect across the wider credit markets, especially leveraged loans to companies. This article summarizes the types of subprime litigation and regulatory actions we have seen to date and discusses what we are likely to see in...
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