The collapse of the subprime mortgage market has caused rapid and severe economic changes, confronting individuals and businesses with legal challenges. Holland & Hart has responded by creating a Subprime Mortgage Industry Group, an interdisciplinary team of attorneys with substantial hands-on experience. The breadth and depth of our skills make us uniquely equipped to respond to business disputes, lawsuits, and government investigations relating to the subprime crisis. We have represented a wide range of financial services and real estate clients, including lenders, creditors committees, broker-dealers, and mortgage brokers.
- Subprime mortgages were securitized and sold in the form of collateralized debt obligations and collateralized mortgage obligations. Individual and institutional investors who purchased these incurred unforeseen losses, creating the potential for disputes among customers, broker-dealers and investment advisers, and regulatory inquiries. We regularly represent regulated entities in arbitrations, state and federal litigation, and Securities and Exchange Commission investigations, giving us the necessary experience to obtain winning results for our securities industry clients.
- Investors have recently launched class action lawsuits against subprime lenders. We have substantial experience defending such lawsuits, as well as shareholder derivative litigation.
- Claims against lenders and investment managers include issues of director and officer liability. We regularly counsel businesses and their officers and directors on such claims and on related D&O insurance issues.