Subprime Related ERISA Litigation

The effects of the failing subprime mortgage industry are widespread. Home owners, builders, lenders, and investors are all feeling the strain of the market turmoil, and the courts have been flooded with litigation ranging from consumer-related claims to claims against securities firms and credit-rating agencies. Retirement plans have also been negatively affected by the crisis, and as a result, a number of lawsuits have been filed raising claims under ERISA. The lawsuits seek to make plans and participants whole for millions, if not billions, of dollars of losses resulting from sub-prime related investments.