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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, July 15, 2020, the Davis & Gilbert Insolvency, Creditors' Rights & Financial Products practice group and authors of Credit Chronometer will be presenting a webinar focused on the subprime auto market. Industry players — originators, investors, servicers, trustees and their advisors — will especially find topics discussed of interest.
Record unemployment could drive the market toward litigation, mirroring the battles over loss allocations related to pre-financial crisis subprime mortgage-backed securities (RMBS), which continue to this day.
Above all else, the pandemic has shown us what happens when there’s a failure to plan. This webinar will empower participants with the knowledge of how nearly a decade of subprime RMBS litigation will likely be relied on by courts and litigants in subprime auto ABS disputes, including:
Date: Wednesday, July 15, 2020
Time: 1:00 p.m. (EDT)
Location: Webinar
Click here to RSVP to the webinar >>
Please Note: After RSVP-ing, you will receive a confirmation email with your unique Zoom link. A reminder email will be sent from Zoom the day before as well as the day of the webinar with your unique login credentials.
Please contact: Carly Silverman, Davis & Gilbert Marketing Events Specialist csilverman@dglaw.com / 646.673.8318