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Several firms, including E*Trade, a discount broker with a banking arm sitting on a radioactive pile of mortgage debt, are being sued for allegedly failing to disclose problems as they became apparent to managers.But one thing that sets the subprime litigation wave apart from that of the 2001-03 bear market is its breadth.
Since the asbestos litigation wave began, companies have paid out an estimated $49 billion outside of the bankruptcy trusts.
A litigation wave is conceivable, and Dubai's Arabic-speaking juridical system might face problems handling large quantities of cases that involve many non-Arabic speaking foreigners.
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In May 2017, the Sabin Center published a report with UNEP that noted among other things that the Paris Agreement would give rise to a new wave litigation seeking to enforce its commitments.
Now a wave of litigation threatens to assail them.
The wave of litigation over dodgy debt instruments is still swelling.
He points to an inevitable wave of litigation, administrative headaches and restrictions on sales.
"First, Uber is battling a wave of litigation around the world.
Arthur Andersen still faces a wave of litigation in federal court in Houston.
But this latest wave of litigation is fundamentally different, legal experts said.
Drywall installers and suppliers are also expected to be targets of the next wave of litigation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com