Trends In Subprime-Related Securities Fraud Actions

Law360, New York (October 31, 2008, 12:00 AM EDT) -- We are now well into the second year of the subprime litigation blitz and, to date, more than 100 subprime-related securities cases have been filed. Courts are nevertheless only just beginning to decide motions to dismiss.

Indeed, barely more than a handful of decisions on such motions have come down in putative class actions alleging subprime-related securities fraud.

Of these, most have favored defendants: two granted dismissal with prejudice (In re 2007 NovaStar Fin., Inc. Sec. Litig., No. 07-139, 2008 WL 2354367 (W.D. Mo. June 4,...
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