The recent widespread developments in the subprime lending market present a far-reaching array of potential legal issues for a variety of entities and individuals with direct or indirect involvement in that market. These include:
- Securities and banking regulatory investigations of lenders and those who packaged the loans for resale
- Private damage actions against those who sold the packaged loans
- Internal investigations of institutions involved in making the loans or in packaging and selling them
- Derivative actions brought against directors, officers and others alleging that their management or other involvement in a business that made or purchased subprime loans damaged that enterprise
- Workouts, receiverships and bankruptcies of entities sustaining losses as a result of subprime loans
Schiff Hardin has the capability to address these and other legal needs that may arise out of these events. Attorneys in Schiff Hardin's Derivative and Securities Litigation, White Collar Crime and Corporate Compliance, Securities and Futures Regulation, Financial Institutions, and Restructuring, Bankruptcy and Creditors' Rights practice areas can provide the services necessary to address these complex problems. Schiff Hardin's Class Action Litigation and General Corporate Litigation capabilities add a crucial dimension to certain challenges that may arise in this area.