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Posts Tagged ‘subprime crisis’

It’s not too late to register for Economic Crisis Litigation Update CLE, to be held at the Colorado Bar Association offices in Denver.  Here are the details. 

 

There are 5 easy ways to register. Download the registration form at

1. FAX the form to the Colorado Bar Association CLE offices at (303) 860-0624

2. MAIL the form to CBA-CLE at 1900 Grant Street, Suite 300, Denver, CO 80203

3. CALL us! (303) 860-0608, or toll-free (888) 860-2531

4. REGISTER ONLINE at:

5. OR REGISTER FOR THE LIVE WEBCAST AT:

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CAN’T ATTEND THE PROGRAM? ORDER YOUR HOMESTUDY ONLINE TODAY!

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We look forward to providing you with the best information and service available,

to meet all of your continuing legal education needs. Please contact us at cle@cobar.org

if you do not wish to receive e-mail correspondence regarding CBA-CLE seminars.

Our mailing address is 1900 Grant Street, Suite 300, Denver, CO 80203

http://www.cobar.org/cle/datadetail.cfm?ProductID=LI072410Dhttp://www.cobar.org/calendar/eventdetail.cfm?EventID=LI072410Whttp://www.cobar.org/cle/photos/eventpdfs/LI072410L.pdf and:http://www.cobar.org/calendar/eventdetail.cfm?EventID=LI072410Lhttp://www.cobar.org/calendar/eventdetail.cfm?EventID=LI072410Lhttp://www.cobar.org/calendar/eventdetail.cfm?EventID=LI072410L Denver, Colorado Springs and Grand Junction

 

ECONOMIC CRISIS LITIGATION UPDATE: Subprime Mortgages, Shareholder Suits, ERISA, Class Actions and More!

Co-sponsored by the Securities Law and Class Actions Subsections of the CBA Litigation Section

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LIVE PROGRAM: July 24, 2009

At the CBA-CLE Classroom, 1900 Grant Street, Suite 300, Denver, CO

LIVE WEBCAST: July 24, 2009

Direct to your desktop!

VIDEO REPLAYS: August 14, 2009

 For additional information on this course or to view the program brochure go to:

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Program Highlights

What You Will Learn:

 – Subprime Securities Litigation: Important Trends and Developments in Securities Litigation and Derivative Suits

– ERISA Class Actions

– Consumer Class Actions and Other Hot Litigation Issues Driven by the Economic Crisis

Who Should Attend:

– Litigators

– Securities Law Attorneys

– Business Law Attorneys

– Industry Professionals

– Anyone Who Needs Up-to-date, Expert Guidance on the Hottest Litigation Issues Spawned by the Economic Downturn! 

Program Description

Litigators! Securities lawyers! Business lawyers! Here is the program you have been waiting for!

Since the economic crisis began gripping our country, there has been much discussion in the media about the litigation that is resulting from the economic downturn. But how do you separate the spin and hyperbole from the real information you and your clients need? What are the issues that are really driving the litigation that is resulting from the stock and real estate market crashes? What are the holdings in recently decided cases such as Stoneridge and In re IPO Securities Litigation and what do these holdings mean for you and your clients. 

Attend this timely, practical program and find out!

The program’s experienced instructors hail from both the plaintiff and defense bars, giving you balanced, valuable insight to guide you in this emerging area of the law. From real world guidance on how to prove (or defend against) causation in securities cases, to ERISA issues that can start (or end) a lawsuit, to the real scoop on the facts that can sustain (or not sustain) a mortgage fraud lawsuit, you will get valuable knowledge, tips, and skills you can put to use right away in your practice.

Whether you are plaintiff’s counsel or defense counsel, you need to be able to evaluate the merits of a case that stems from the fallout from the economic meltdown. Is it a real case, with facts that can prove meritorious or not? Find out from the attorneys who are on the cutting edge in this hot area of law…

Register for this timely, practical program today!

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Agenda

8:30 AM – 9:00 AM

Registration

9:00 AM – 9:05 AM – Welcome and Introduction

Extended by Paul Karlsgodt, Esq., Program Chair

9:05 AM – 10:05 AM – Subprime Securities Litigation

Learn about the trends in securities class actions and derivative suits that arise from subprime investments! Topics include:

– The impact of Stoneridge, In re IPO Securities Litigation, and other developments in securities class actions

– Trends in securities class action verdicts, judgments, and settlements

– Practical considerations in securities litigation given the economic crisis (e.g., the difficulty in proving causation given the general economic downturn)

Presented by Jeffrey W. Lawrence, Esq., Holly Stein Sollod, Esq. and Cliff Stricklin, Esq.

10:10 AM – 10:40 AM – ERISA Class Actions Relating to Subprime Asset Investments by Retirement Plans (Part 1 of 2)

 After Stoneridge, is ERISA litigation overtaking securities litigation as the vehicle of choice for seeking redress of alleged losses caused by subprime investments? Learn the answers to these important questions:

– What makes ERISA litigation a desirable alternative to a securities claim?

– What are the trends in ERISA litigation?

– What do I need to know about the LaRue decision and what is its impact on ERISA litigation so far?

Presented by Dirk W. de Roos, Esq. and Todd J. McNamara, Esq.

10:40 AM – 10:50 AM – Break (10 minutes) 

10:50 AM – 11:20 AM – ERISA Class Actions Relating to Subprime Asset Investments by Retirement Plans (Part 2 of 2)

11:25 AM – 12:25 PM- Developments in Consumer Class Actions and Other Subprime-related Litigation

Is the economic crisis really causing the flood of consumer class action litigation that some predicted? Find out about:

 – Class actions and individual claims under the Truth In Lending Act (TILA)

– Consumer class actions and other claims for mortgage fraud and related litigation

– What is the impact of the poor economy on class action litigation?

Presented by Lila M. Bateman, Esq. and Frances Johnson, Esq.

12:25 PM – Adjourn

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Faculty

Paul Karlsgodt, Esq., Program Chair

Baker & Hostetler, LLP

Denver, CO

 

Lila M. Bateman, Esq.

Morrison & Foerster, LLP

Denver, CO

 

Frances Johnson, Esq.

The Carey Law Firm

Colorado Springs, CO

 

Dirk W. de Roos, Esq.

Faegre & Benson, LLP

Denver, CO

 

Jeffrey W. Lawrence, Esq.

Coughlin Stoia Geller Rudman & Robbins, LLP

San Francisco, CA

 

Todd J. McNamara, Esq.

McNamara, Roseman, Martínez & Kazmierski, LLP

Denver, CO

 

Holly Stein Sollod, Esq.

Holland & Hart, LLP

Denver, CO

 

Cliff Stricklin, Esq.

Holland & Hart, LLP

Denver, CO

 

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CREDITS:

Submitted for 4 General CLE Credits

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TUITION:

– Non-member $199.00

– CBA Member $179.00

– Litigation Section $149.00

– Business Law Section $149.00

– New Lawyer (2 yrs) $129.00

– YLD Member $129

– Legal Support Staff $129.00

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REGISTRATION:

For course details or to register online, go to:

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In the wake of the Wall Street meltdown, recent press on subprime mortgage class action litigation has focused on securities class actions and cases involving subprime investments.  Less has been written about trends in class actions seeking redress for alleged predatory lending practices.

However, that doesn’t mean that there aren’t any cases involving predatory lending practices.  In fact, as discussed in this editorial by Andy Meek of the Memphis Daily News, local governments in the Memphis area may be considering a resolution authorizing legal action against mortgage companies for certain lending practices that some say caused individuals poor and minority communities to accept bad loans.  A similar action is reportedly already pending in Baltimore.

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Magnified by the most recent credit crisis, subprime mortgage litigation continues to be a hot topic among those following developments in class actions.  Peter Page of the National Law Journal authored an interesting article, published today, discussing the most recent wave of lawsuits stemming from the ugly recent turn in the subprime mortgage crisis.  The article focuses on recent securities fraud class action filings involving claims of failure to disclose subprime investments by mortgage companies, banks, and others.

Securities fraud cases are only a part of the wave of class action litigation that has been spawned by the subprime mortgage fiasco.  Subprime-related issues have formed the basis for a wide range of class actions brought on behalf of a wide range of plaintiffs and based on a wide variety of causes of action, with varying success.  The many types of subprime-related class actions include:

  • Consumer protection actions involving claims for predatory lending;
  • Class actions claiming racial discrimination in mortgage lending;
  • Class actions by subprime loan borrowers under the Truth in Lending Act (TILA);
  • Securities fraud class actions claiming failure to disclose facts about subprime investments;
  • ERISA Class Actions alleging improper subprime investments on behalf of the participants of a pension or retirement plan; and
  • Shareholder derivative lawsuits alleging nondisclosure of and mismanagement involving subprime investments.

The most recent CADS Report, the newsletter of the ABA’s class action and derivative suits committee, has a nice collection of articles on developments many of these areas.  The Newsletter is available only to ABA CADS members (I won’t comment in detail here on the perhaps fitting choice of acronyms), but non-members can get a preview here, along with information on how to join.

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