Subprime Loan Practices Likely to Trigger Widespread Litigation
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| Michael Collora is a partner and co-founder of Dwyer & Collora LLP (www.dwyercollora.com), a litigation firm in downtown Boston. He handles complex civil and criminal cases and has tried more than 60 cases in federal courts. |
By Michael A. Collora
Substantial losses in hedge funds marketed by Bear Sterns and focused on real estate mortgages accompanied by huge write-offs by Countrywide Financial and other home lenders has created turmoil in both the stock and bond markets.
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