NEW YORK CITY, April 11, 2008 – As the credit crisis continues to expand, losses are inevitable, but who will bear them? The answer will ultimately lie with the courts, where loans and their origination and servicing have been the source of litigation in the United States for many years. But the disputes of 2008 – whether tied to consumer credit, subprime residential and commercial mortgages, student loans and more – are now complicated by the widespread use of securitization, a process few lawyers understand. To help sophisticated investors and lawyers understand the risks and advise their clients through the credit crisis, West Legalworks and Thomson West have published the Mortgage & Asset Backed Securities Litigation Handbook. West Legalworks is part of West, within The Thomson Corporation.

Co-authored by Thomas F. Nealon III, general counsel, LNR Partners, Inc. and Talcott J. Franklin, a partner and head of litigation in the Dallas office of Patton Boggs LLP, the book is a practical source to educate lawyers and sophisticated investors about the issues and pitfalls involved in litigating securitized mortgages and assets.

Note to editors: To listen to a podcast featuring a discussion with Thomas Nealon and Talcott Franklin – and learn more about their book – go to the West Legalworks Web site at www.westlegalworks.com.

Additional resources: For more information on the subprime mortgage crisis resources from West First Focus, go to http://west.thomson.com/firstfocus/.

Image: A high-resolution image of the cover of the book, Mortgage & Asset Backed Securities Litigation Handbook is available by contacting Gina Spiezia at West Legalworks at (212) 337-8447 or gina.spiezia@thomson.com.

West Legalworks
West Legalworks™, a Thomson West business, develops and executes more than 100 business of law, practice of law and custom professional events annually. Our world class legal content and end-to-end execution capabilities consistently provide the best value and level of service to event attendees, speakers and sponsors. Our capabilities include access to unparalleled relationships with prestigious faculty, speakers and more than 2,000 Thomson West authors, editors and lecturers. West Legalworks also publishes books and newsletters for the industries that we serve. For more information about West Legalworks visit www.westlegalworks.com or call 800-308-1700.

Thomson West
Headquartered in Eagan, Minn., Thomson West is the foremost provider of integrated information solutions to the U.S. legal market. Thomson West is a business within The Thomson Corporation and was formed when West Publishing and Thomson Legal Publishing merged in June 1996. For more information, please visit the Thomson West Web site at west.thomson.com.

The Thomson Corporation
The Thomson Corporation (www.thomson.com) is a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation’s common shares are listed on the New York and Toronto stock exchanges.

See all current press releases