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Subprime Litigation Likely To Surpass S&L Suits: Study

Law360 (February 21, 2008, 12:00 AM EST) -- The number of lawsuits filed in federal courts in the wake of the subprime mortgage crisis is now on track to outpace the litigation stemming from the savings and loan scandal of the early 1990s, according to a new study.

A tally of subprime-related cases done by Navigant Consulting Inc. already adds up to half of the total 559 actions filed in the wake of the S&L scandal.

“The S&L crisis has been a high water mark in terms of the litigation fallout of a major...
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