Securities
May 17, 2008
Judge Allows Countrywide Shareholders' Suit to Proceed
A shareholder derivative suit against Countrywide Financial is chugging through federal court in Los Angeles, but it could still be derailed by events outside court.
Daily Journal Staff Writer
This article appears on Page 1
LOS ANGELES - A shareholder derivative suit against Countrywide Financial is chugging through federal court in Los Angeles, but it could still be derailed by events outside court.
U.S. District Judge Mariana Pfaelzer on Wednesday issued a 61-page ruling that denied most of Countrywide's motions to d...
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