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Listen to a recent ConsumerFi podcast for Joseph Cioffi‘s review of the key findings from Credit Chronometer’s Subprime Auto Market Study conducted at the outset of the pandemic in advance of the release of our latest findings to update market sentiment six months into the crisis.
Davis & Gilbert’s Insolvency, Creditors’ Rights & Financial Products Practice Group represents clients in a broad range of corporate, insolvency and litigation matters. The group has been actively involved in many of the most notable and highly visible business events in recent years related to the last economic downturn and has vast experience in the area of subprime lending, including the operation of origination platforms, relationships with servicers and defending large-scale asset-backed securities litigation. The broad and diverse experience of their attorneys makes them particularly well-equipped to advise clients in rapidly evolving markets, such as, those for auto loans, student loans, marketplace lending, mortgage loans and environmental, social and governance (ESG) investing. Additional highlights of the practice include the following:
Litigation: The group regularly prosecutes and defends litigation involving complex financial transactions and instruments and has defended asset-backed securities litigation, including for residential mortgage-backed securities (RMBS), encompassing fraud and repurchase claims, involving nearly $2 billion in claims.
Bankruptcy: The group guides clients through financially distressed situations and helps formulate and execute creditor enforcement strategies, in particular, in the case of intermediaries facing obligations to third parties. The group has defended nearly $1 billion in fraudulent transfer claims brought by the trustee for the liquidation of Bernard L. Madoff Investment Securities LLC.
Corporate: The group also advises on a full range of financing transactions, including secured revolving and term credit facilities, receivable financing arrangements, intercreditor agreements, warehouse lending facilities and loan purchase agreements.
For more information about the Insolvency, Creditors’ Rights & Financial Products Practice Group, click here.
On Wednesday, June 24, the findings of Credit Chronometer’s second annual market study “Participants’ Expectations in a Time of Crisis” was announced during a webinar titled, “Subprime Auto: Participants’ Expectations in a Time of Crisis, a 360-Degree Market Study.” The webinar was moderated by Joseph Cioffi and had featured speakers Ines Beato, Senior Vice President, US ABS - Global Structured Finance at DBRS Morningstar and Sean Morgan, Vice President of Finance at Westlake Financial Services. A full recording of the webinar can be found here.