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

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.

Description

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.

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Outline

  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

Benefits

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?

Faculty

Brian Brooks
Brian Brooks

Partner
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

Partner
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

Partner
Roddy Klein & Ryan

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

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Audio

$297