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Mitchell Silberberg & Knupp Launches "Subprime" Practice Group to Assist Financial Services Clients With Legal Challenges Sparked by Subprime Mortgage Lending Crisis
| Source: Mitchell Silberberg & Knupp
LOS ANGELES, CA--(Marketwire - January 23, 2008) - Mitchell Silberberg & Knupp LLP (MS&K), a
leading California-based law firm that has provided integrated legal and
business solutions to clients for more than 100 years, today announced that
it has formed a dedicated practice group to assist clients facing the wide
range of business and legal challenges sparked by the subprime mortgage
lending crisis.
MS&K's new Subprime Practice Group consists of a special interdisciplinary
team of litigation, bankruptcy and corporate lawyers. The practice group,
which is headed up by partners Jean Nogues and Andrew Katz, taps into the
expertise of 30 MS&K lawyers who specialize in the areas of financial
services, bankruptcy and insolvency, litigation and investigations,
securities, real estate, capital markets, hedge funds, class actions and
insurance.
"Our firm started working on commercial litigation related to subprime
lending in 2003 and we foresaw many of the legal issues that have exploded
in the past year, including the securitization of subprime obligations,
fraud by originators and syndicators, due diligence issues, insurance
coverage considerations and various insolvency issues," said Nogues. "Our
new dedicated, interdisciplinary practice group will help clients deal with
the additional fallout we continue to see on a daily basis from the
subprime mortgage industry collapse."
According to Katz, MS&K's Subprime Practice Group will focus on serving
banks, investment banks, hedge funds, warehouse lenders, mortgage
originators, underwriters and others involved in subprime mortgage lending.
About Mitchell Silberberg & Knupp
Celebrating 100 years of exceptional legal services, Mitchell Silberberg &
Knupp's 125 attorneys provide integrated legal and business solutions
addressing its clients' concerns in the following areas: Labor &
Employment; Intellectual Property & Technology; Entertainment & New Media;
Immigration, Corporate Law & Homeland Security, Tax, Trust & Estates, Trade
and Litigation. Mitchell Silberberg & Knupp LLP has offices in Los Angeles
and Washington, D.C. For more information, visit http://www.msk.com.