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Sirote Announces Expansion of Mortgage Banking Litigation Group

April 1, 2008

In response to legal challenges arising from the current subprime mortgage banking crisis, Alabama law firm Sirote & Permutt, P.C., has expanded its mortgage banking litigation capabilities. Sirote repositioned this specialized litigation team to address the needs of the firm’s existing national financial services and mortgage banking clients.

Sirote & Permutt is already well-regarded in the marketplace for their seasoned litigation practice, consisting of over 45 attorneys in Birmingham, Huntsville and Mobile. The targeted Mortgage Banking Litigation practice is comprised of 16 attorneys with industry-focused knowledge. This group will be led by Sirote shareholder C. Lee Reeves.

"Sirote & Permutt has always handled Mortgage Banking litigation," said Reeves. "But because of the challenging environment that exists today and because of our heavy involvement in Mortgage Banking generally, we have prioritized the importance of our Mortgage Banking Litigation group to best take care of the needs of our clients."

"Sirote is proud of our attorneys' thorough understanding of the mortgage banking industry," added fellow Sirote shareholder Jerry E. Held. "We have been active leaders in the industry's trade associations and conferences for years. It only makes sense for us to take this knowledge and expertise and to prioritize our litigation services in a way that is most beneficial to our mortgage banking clients in today's business and real estate climate." Held has chaired Sirote's Mortgage Banking Practice Group for the last ten years .

In addition to an intricate understanding of litigation in Alabama, the Mortgage Banking Litigation team will build upon the success and reputation it has earned through the years in such areas as financial services/limited liability litigation, class action defense, creditors’ rights and complex bankruptcy litigation, commercial litigation, pre-litigation business disputes, corporate officer-director liability litigation, and related litigation.

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