Friday, February 1, 2008
A small law firm based in New York and D.C., McKee Nelson, made a name for itself by doing the legal work associated with bundling mortgage loans into securities. Since 2000, the firm handled over 3,000 deals totalling $2.7 trillion. Now questions grow about whether the risks were adequately disclosed, as federal and state regulators conduct investigations and unhappy investors look for deep pockets to sue. Meanwhile, McKee Nelson is turning its attention to representing financial institutions in litigation. NYTimes, Small Law Firm’s Big Role in Bundling Mortgages.