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February 19th, 2008

Subprime litigation to take years - plaintiffs’ lawyer

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Posted by: Zieminski Nick
Tags: Finance, Real Estate, Summit

graziano.jpgLawsuits over losses tied to subprime mortgage loans are expected to drag on for years, according to a lawyer representing institutional investors.

Salvatore Graziano, an attorney with Bernstein, Litowitz, Berger and Grossmann, told the Reuters Housing Summit his firm’s volume of cases suggests ligitation will last for a long time.

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