Please click on the links provided to access the course materials and a recording of the recent webcast sponsored by LexisNexis and presented by Matthew S. Jacobs and Lorelei S. Masters, partners at Jenner & Block LLP, on Insurance Coverage for Subprime Lending and Losses and Liabilities.

Course Description:

The subprime lending crisis has generated dozens of bankruptcies, securities class actions, fiduciary liability lawsuits, and miscellaneous breach of contract and actions alleging fraud and recklessness against hedge funds, trust banks, lenders, investment banks, home builders, ratings agencies and other entities. The availability of insurance coverage for these claims -- to cover defense costs and expenses, and indemnity for settlements or judgments, if necessary -- is going to be a hotly contested issue between corporate and individual policyholders and the insurance carriers that issued Comprehensive General Liability, Directors’ and Officers’ liability, Errors and Omissions liability, credit risk and other forms of insurance. Presently, many policyholders are placing their carriers on notice, but none of these claims have yet become actions for declaratory judgment or breach of contract against various carriers.

This course examines the underlying subprime mortgage lawsuits and investigations that are moving forward, and the insurance coverage issues -- terms, conditions, exclusions and other provisions that might apply to such claims -- that are likely to arise from those underlying matters as policyholders seek protection from such existing and potential liabilities.

Presenters:

Matthew L. Jacobs, Partner Jenner & Block LLP 

Lorelie S. Masters, Partner Jenner & Block LLP

Recorded Link

https://lexisnexisevents.webex.com/lexisnexisevents/onstage/g.php?AT=VR&RecordingID=46745632&recordKey=84FA13BCE2B118C21E3A60F823C415871EAD5E6647D4FE9F67BE8AD5F149462A