Credit Default Litigation on the Rise with the Collapse of CDO, CDS Markets, Experts Say
May 22, 2009
Litigation involving credit default products has exploded in the last year and a half as the market for these complex, mortgage-related transactions collapsed, and the trend will most likely continue, according to legal experts. Since 2008, parties to these soured transactions have filed lawsuits to recoup or minimize losses when the mortgages underlying these transactions lost value as...