RT Journal Article SR Electronic T1 Securitization Litigation: Classification of Theories of Liability JF The Journal of Structured Finance FD Institutional Investor Journals SP 65 OP 86 DO 10.3905/jsf.2010.16.1.065 VO 16 IS 1 A1 Cagin Pabuccu YR 2010 UL https://pm-research.com/content/16/1/65.abstract AB Using a sample of subprime securities actions, this article classifies the liability theories of subprime securitization claims. More than 30 cases, including complaints and other legal documents, were analyzed so as to document the variety of claims of those seeking relief from courts. Given the scope of the subprime crisis, the number of lawsuits in the subprime financial industry has reached a record level since 1995. In the context of securitization litigation, breach of federal securities provisions stands out among the types of claims. Contractual claims also are quite commonplace. The extent of contractual claims is quite broad, ranging from breach of CDO documentation to pooling and servicing agreements. This article also addresses rating agency claims, which were analyzed separately since various liability theories can be classified under this heading.TOPICS: Fundamental equity analysis, technical analysis