Ballard Spahr Creates Subprime Lending Team

Just a few days after the American Dialect Society named “subprime” as its word of the year, Ballard Spahr Andrews & Ingersoll created a practice around litigation and business issues that might stem from this summer’s subprime lending crisis.

The group will offer legal services and guidance to clients regarding the litigation, government action and business problems related to subprime lending, the firm said Tuesday.

The multi-disciplinary group includes existing Ballard Spahr attorneys from the firm’s consumer finance, real estate, investment management, bankruptcy, securitization and white collar litigation practices.

“When the American Dialect Society choose ‘subprime’ as the word of the year, they not only touched on a subject that is popular in the media, but on an issue that has a significant and on-going impact on the overall commercial financial health of the United States,” Henry E. Hockeimer Jr., partner in Ballard Spahr’s litigation department and a member of the subprime lending team, said in a statement  “As the subprime crisis grows, it’s clear that the effects will be felt across several disciplines and throughout the country.”

The firm said it is well positioned to help clients in Arizona, Nevada and California – states with high default rates – because of its existing offices in those areas.

— Gina Passarella, Staff Reporter

Advertisements
Explore posts in the same categories: Firm News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: