Subprime Mortgage Class Actions: The Emerging Litigation Threat

Pursuing and Defending Lawsuits Arising From the Mortgage Meltdown

Defendants' motions to dismiss denied in two major supbrime class actions

Recording of a 90-minute CLE webinar with Q&A

Conducted on Tuesday, February 17, 2009

or call 1-800-926-7926
Program Materials

This seminar will examine current trends in subprime mortgage class action litigation to provide insights and perspectives for plaintiff and defense counsel to develop effective litigation and settlement strategies.


Class action lawsuits against brokers, lenders, servicers and appraisers have exploded following the subprime mortgage meltdown. Allegations relate to predatory lending, mortgage modification, loan servicing, and misrepresentation about the financial health of lenders and the soundness of loans.

Although most of the lawsuits have not yet reached final judgment, a significant settlement in a predatory lending case involving Countrywide Financial Corp. in October is instructive for class action counsel.

As trends in litigation, judgments and settlements in this arena continue to emerge, counsel on both sides of multi-party and class action suits are hungry for guidance in developing their own strategies.

Listen as our panel of class action attorneys — both plaintiff and defense — examines current trends in subprime mortgage class action litigation and provides insights and perspectives for developing effective litigation and settlement strategies.



  1. Subprime mortgage class actions — current trends
    1. Attorney General trends
    2. Municipal litigation
    3. Equal Credit Opportunity Act/Fair housing litigation
  2. Strategies for pursuing subprime mortgage class actions
  3. Strategies for defending subprime mortgage class actions


The panel will review these and other key questions:

  • What are the critical considerations for plaintiffs' counsel pursuing subprime mortgage class actions?
  • What are the key arguments for defense counsel to defeat certification in subprime mortgage cases?
  • What settlement strategies have proven successful in subprime mortgage cases?


Brian Brooks
Brian Brooks

O'Melveny & Myers

He is a member of the Class Actions, Mass Torts, and Aggregated Litigation Practice. He focuses on complex financial...  |  Read More

Andrew L. Sandler
Andrew L. Sandler

Skadden Arps Slate Meagher & Flom

He leads the firm's Consumer Financial Services Enforcement and Litigation practice. He has been lead defense counsel...  |  Read More

Gary Klein
Gary Klein

Roddy Klein & Ryan

He is a nationally recognized expert on consumer law and litigation. He focuses on unfair business practice cases,...  |  Read More

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