We are pleased to present the July edition of Subprime Solutions, a newsletter from Mintz Levin’s Subprime

Practice Group that gathers news on the subprime and credit crises from a variety of sources, to keep you apprised of breaking developments in this ever-evolving area and its far-reaching consequences.

Please draw your attention to our July 11th advisory, issued by Peter Pendergast of the Subprime Practice

Group, regarding a recent decision that supports the enforceability of credit default swaps.

Additionally, please note this month’s “Spotlight on Rich Moche,” co-chair of the Subprime Practice Group. As

manager of the firm’s Public Finance Section, Rich has brought to the group his extensive expertise regarding the

financial instruments that are driving the credit crisis.

We hope you enjoy this issue of Subprime Solutions.

(Please see full newsletter for more information).