SOURCE: Mitchell Silberberg & Knupp

January 23, 2008 14:23 ET

Mitchell Silberberg & Knupp Launches "Subprime" Practice Group to Assist Financial Services Clients With Legal Challenges Sparked by Subprime Mortgage Lending Crisis

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.

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