December 5, 2011
11:45am - 1:30pm

The City Club of San Francisco
155 Sansome Street
San Francisco, California
CLE: .75 hour credit will be offered

December 5, 2011

The Subprime Shakeout: Trends and Forecasts in Mortgage Backed Securities Litigation

Speaker: Isaac M. Gradman, author of The Subprime Shakeout law blog and former lawyer at Howard Rice

Isaac will provide an overview of the most important recent developments in this space, including:

• An analysis of the likelihood of success and impact of bondholder efforts to
  remove the proposed $8.5 billion Bank of New York settlement on Countrywide RMBS to federal court;
• The strategy behind and strength of the FHFA’s 18 recent lawsuits on behalf
  of the GSEs against MBS issuers based on misrepresentations and securities law
  violations;
• An update on the status of the bond insurer lawsuits against BofA and JP
  Morgan, and their precedential value in the RMBS litigation landscape; and
• The relative benefits and drawbacks of securities law claims compared to
  putback claims and a discussion of the mechanics of a mortgage putback,
  including procedural requirements, burden of proof and timelines.

COST: Law Firm Members – $62; In-house Members – $59; Solo Members – $55