We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Subprime Suits Surpass S&L Benchmark: Study

Law360 (September 11, 2008, 12:00 AM EDT) -- Litigation stemming from the subprime mortgage mess has surpassed the record number of suits filed in the wake of the savings-and-loan debacle of the early 1990s, a study has found.

Inflated by the rash of lawsuits that followed the collapse of the auction rate securities market in February, the number of subprime-related complaints filed in federal courts has now exceeded the watershed high of 559 filed after the S&L crash, according to the study by Chicago-based Navigant Consulting Inc.

Navigant said 607 subprime-related cases had been...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.