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Home > Cases > ABS & CDO Investment Losses > Legal Coalition Represents Investors Caught in the Subprime Mortgage Mess

Legal Coalition Represents Investors Caught in the Subprime Mortgage Mess

The subprime mess has exploded. But few law firms have the expertise and resources to represent investors who have suffered losses. To address the crisis, a coalition of 26 attorneys from four top securities law firms have teamed up to provide the resources needed for such complex litigation.

The affiliated law firms include Page Perry of Atlanta, Georgia; Maddox Hargett & Caruso of Indianapolis, Cleveland and New York; and David P. Meyer & Associates of Columbus, Ohio. The Coalition was formed to offer experiences representation to investors who lost money in the collapse of the subprime mortgage market and related structured investments.

The coalition has filed arbitrations against Morgan Keegan and Bear Stearns, aimed at recovering investor losses in funds that had been promoted as safe but were actually laden with risky subprime debt. Similar actions are in the pipeline.

“These (legal actions) are pretty symbolic of what is obviously a very serious problem,” said J. Boyd Page of Page Perry. “We've gotten tons of phone calls over the last couple of weeks from a lot of people in very similar situations.” “I really started following subprime about 15 months ago,” Page said. “Now I have 12 notebooks full of documents and another 10 or 12 boxes full.”

In the summer of 2007, our group, who individually and collectively have extensive experience in representing investors against Wall Street, formed an affiliation. Our affiliation of lawyers is actively involved in advising individual and institutional investors in evaluating their legal options when confronted with subprime and other mortgage related investment losses. Contact us.


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