Securities
Jan. 13, 2009
Don't Be 'Wasteful,' Judge Tells Mozilo Defense
A federal judge told lawyers on Friday in the Countrywide Financial shareholder class action that an earlier order, advising against "wasteful" defense arguments, would serve as a guiding document for the rest of the pleading stages.
Daily Journal Staff Writer LOS ANGELES - A federal judge told lawyers on Friday in the Countrywide Financial shareholder class action that an earlier order, advising against "wasteful" defense arguments, would serve as a guiding document for the rest of the pleading stages. U.S. District Judge Mariana Pfaelzer's jumbo-sized 112-page order denying large parts of the motion to dismiss had already drawn concern from defense lawyers, ...
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