Subprime Crisis: It’s Class-Action Time
Apr 3rd, 2008 | By Contrarian Profits | Category: Featured, Financial News, Real Estate InvestmentsSubprime related lawsuits have started to flood in, reports Portfolio.com.
Lawyers have filed over 70 securities-fraud class actions in the first quarter, three times the amount filed in the first half of 2007.
According to the report: “The targets aren’t only obvious ones like mortgage lenders and credit-rating agencies, either. They now include securities underwriters and mutual funds.”