Litigation
Oct. 11, 2011
Judges weigh BofA's liability for troubled lender
As investor lawsuits pile up against mortgage lender Countrywide Financial, trial courts across the country are split on whether its owner Bank of America could be forced to pay tens of billions of dollars in potential liability.
Daily Journal Staff Writer
LOS ANGELES - As investor lawsuits pile up against the trouble-making mortgage lender Countrywide Financial, trial courts across the country are split on whether its deep-pocketed owner Bank of America could be forced to pay tens of billions of dollars in potential liability.
Investors have filed dozens of lawsuits that accuse Countrywide of fraud, arguing the onetime leader of home mortgages made ma...
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