Legal Marketing & PR

Today is the Last Day to Register for Subprime Loan Litigation Webinar

By Larry Bodine, Esq.

There is a tidal wave of subprime loan litigation against the entire financial services industry. In a live web seminar Liability expert Kevin M. LaCroix, Esq. will identify the causes of action, plaintiffs and defendants. Business development experts Michael G. Cummings and I will explain how lawyers can generate new revenue from this record-setting surge of cases.

Tomorrow -- Friday, September 19
   10 AM to 11 AM Pacific Time
   11 AM to Noon Mountain Time
   Noon to 1 PM Central Time
   1 PM to 1 PM Eastern Time
CONTACT: Program Director Laura Kresich; Tel: 773.966.9273
   or Lkresich@lawmarketing.com
WEBSITE: http://www.PBDI.org  

Don't delay, register today.

The subprime loan crisis has created a giant wave of commercial litigation that continues to rise, and will surpass the number of cases that grew out of the Savings and Loan crisis of the 1980s-90s. Not only that, hundreds of cases already filed are swamping a much wider range of defendants in all aspects of the financial services industry.

FACT: Insurance giant American International Group (AIG) was facing bankruptcy until the Federal Reserve Bank of New York took it over and loaned it $85 billion loan last Tuesday September 16. The takeover puts taxpayer money at risk while protecting bad investments in mortgage-backed securities made by A.I.G.

FACT: Lehman Brothers filed for Chapter 11 bankruptcy protection last Monday, September 15, because its investments in subprime real estate portfolio that severely with inadequate capital and toxic assets.

FACT: Merrill Lynch, which had been a top issuer of subprime investment vehicles, abruptly sold itself to Bank of America after suffering $45 billion in write-downs, more than double its profit for two years.

FACT: The federal government put Fannie Mae and Freddie Mac into conservatorship on September 8.

FACT: An initial investment of $100 in January 2007 in securities backed by subprime products would be worth only $5.46 as of last May 2008, according to NERA economic consulting.

Lawyers who want a large and profitable caseload of litigation that will last for years will get smart about subprime loan litigation now. This webinar is designed to do exactly that: identify the causes of action, the plaintiffs and the defendants -- and show you the business development techniques to amass clients in this historic surge of litigation.

Lawyer Kevin M. LaCroix has been lecturing and writing a blog about subprime loan litigation since it began. Mr. LaCroix has been involved in directors’ and officers’ liability insurance issues for over 25 years. He began his career as a coverage attorney and partner at the Washington, D.C law firm of Ross, Dixon and Bell.

Contact Laura Kresich: 
or email Lkresich@LawMarketing.com
Registration fee: $300
Sign up online at http://www.pbdi.org/pages/cceventform.asp?EventID=200 

Topics covered:

• Shareholder class action litigation against publicly traded companies, which comprise nearly half of the subprime loan litigation.
• Securities lawsuits against subprime mortgage lenders, issuers, underwriters, rating agencies, hedge funds, bond insurers and even accounting and law firms.
• Employee ERISA cases against lenders, management firms, home builders and securities issuers alleging ERISA violations that damaged retirement plans.
• "Credit crisis" lawsuits involving student lending, corporate debt, construction project financing and balance sheet/investment access.
• Traditional Notions of what is a “Defense Firm” or “Plaintiff Firm” have been turned on their heads.
• Novel choices of venue.
• A case study of how a law firm created a "Subprime Task Force" that brought in new clients in only three months.
•  The 4 business development priorities.
• Capturing subprime litigation from current clients
• Ways to become a well-known industry expert who attracts business by his or her reputation.
• Joining organizations to meet clients and referral sources.
• Goal-oriented networking. 

Don't delay, register today.

Full post as published by Larry Bodine's LawMarketing Blog on September 18, 2008 (boomark / email).