An industry law firm said Wednesday it has formed its own financial fraud enforcement task force following the recent introduction of the Obama Administration's Residential Mortgage-Backed Securities Working Group.
The task force will allow the firm, K&L Gates LLP, to align its resources the way the government has in its working group, said Laurence E. Platt, a financial services practice area leader in the company's Washington office.
The K&L task force mirrors the government's RMBS working group in that it is set up to coordinate various disciplines in situations where the same underlying facts are being applied under different laws.
“What we have tried to do is mobilize our resources internally in the same way to come up with a vertical approach,” Platt said in a phone interview.
K&L Gates also previously set up a similar task force related to foreclosure.
