Number of US subprime-related lawsuits surged in Q1 2008 - report
Navigant Consulting has said the number of subprime-related cases filed in federal courts surged in the first quarter of 2008, dramatically outpacing 2007 filings. The total filings are close to surpassing the savings-and-loan (S&L) crisis litigation of the early 1990s.
According to a company report, the number of subprime-related cases exploded in the first quarter of 2008, increasing 85% over the next busiest quarter. A staggering 170 cases were filed during the
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