A report issued recently by Navigant Consulting, Inc. shows a surge in subprime related litigation for the first quarter of 2008, significantly outpacing the number of filings from the second half of last year. For example, Navigant reports that 170 subprime related cases were filed in the first quarter of 2008 which is 85% more than in the next highest quarter. Of those cases, 46% were class actions brought by borrowers, 26% were securities cases and 10% were commercial contract disputes. Navigant believes that at this rate, the number of subprime related cases will easily exceed the number of cases that resulted from the savings-and-loan scandal in the early 1990s.