Calabasas, CA (PRWEB) June 13, 2011
The Law Offices of Kramer and Kaslow is weighing in on a new report from the New York Times that claims that the New York lawyer general is investigating big banks for alleged wrongdoing. According to the Might 16 New York Times report, The New York attorney common has requested details and documents in current weeks from three significant Wall Street banks about their mortgage securities operations for the duration of the credit boom, indicating the existence of a new investigation into practices that contributed to billions in mortgage losses.

Not too long ago elected New York Lawyer Common Eric T. Schneiderman declined to comment but according to folks briefed on the matter who were not authorized to speak publicly, Eric T. Schneidermans workplace have also requested meetings with representatives from Bank of America, Goldman Sachs and Morgan Stanley.

The post also spoke with Daniel C. Richman, a professor of law at Columbia. Element of what prosecutors have the benefit of carrying out proper now, here as elsewhere, is watching the civil suits play out as diverse parties fight over who bears the loss, mentioned Richman. Thats a extremely productive supply of details.

Noted attorney Philip Kramer, senior companion at the law firm of Kramer & Kaslow whose consolidated litigation plaintiffs have been suing banks for their foreclosure practices agrees with Richman, A lot of wrongdoing has been uncovered in civil circumstances. What is specifically fascinating about the New York Attorney Generals method is that they appear to have picked up on some of the problems we have utilized in our suits: fraud and greed in the securitization process being essential elements.

More of Philip Kramers comments can be discovered at the Law Offices of Kramer and Kaslow weblog.

ABOUT PHILIP KRAMER
PHILIP A. KRAMER is the senior partner of the Law Office of Kramer & Kaslow, in Calabasas, California. Kramer & Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on enterprise litigation, and genuine home matters. He has prosecuted and defended cases for over twenty five years.

Mr. Kramer is a licensed real estate broker and has spent considerable time delivering legal services in connection with true estate issues relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and improvement, finance, and landlord tenant matters.

Mr. Kramer is admitted to practice ahead of all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has attempted in excess of 200 cases. He has appeared on nationally televised applications relating to pre-trial procedure and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of various legal and organization issues.

Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in a lot of businesses. For far more info get in touch with (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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