Subprime-related federal filings by case type, 2007-2008
The number of subprime-related litigation cases exploded during 2008, doubling the volume seen in 2007, according to a study compiled by Navigant Consulting. The pace of new filings remained consistent throughout 2008, with spikes appearing in January, driven by an onslaught of class-action cases, and in October, driven this time by an increase in securities cases. Securities cases accounted for 38% of total filings in 2008 as investors began to target companies with claims of incomplete or
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