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S&W Announces Formation of Credit Crisis Task ForcePress Release, March 18, 2008New York, NY - As the credit crisis continues to pressure the financial community and investors alike, Sullivan & Worcester LLP today announced the formation of a new practice group created to respond to the myriad of problems facing current and potential clients including increased loan defaults and restructurings, government investigations, bankruptcies and new regulation. Led by two senior partners, George P. Lindsay in New York and Paul E. Summit in Boston, the task force consists of litigators and finance, bankruptcy and other practitioners in the firm’s Boston, New York and Washington, D.C. offices. The Group is intimately familiar with securitization and financial derivatives products, and its litigators have handled lawsuits and arbitrations involving financial disputes, securities law violations and fraud for investment and commercial banks, hedge funds, insurance companies, investors and corporate officers. “The goal of this practice is to help our clients prepare for and respond to the economic challenges precipitated by the sub-prime mortgage crisis to minimize the overall impact on their businesses,” said George Lindsay. “Because this crisis affects a wide cross section of the business and investment communities, we intend to utilize the talents of attorneys in several of our other practice areas including tax law, real estate, investment management and securities law.” “Over the last six months, banks and other financial institutions around the world have written off well over $150 billion in non-performing sub-prime assets. That may be only the start,” added Paul Summit. “The full impact has not yet been registered by many institutions and we expect to see a wave of lawsuits from pension funds, municipalities, and other groups that have suffered massive losses.” #### Read Credit Crisis Task Force Profile Contact:
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