Securities
Dec. 10, 2010
Investors Fleeing Countrywide Settlement
The tab racked up by the nation's largest bank in settling a securities fraud case with former Countrywide Financial shareholders may exceed the current $600 million price tag if 57 investors are allowed to opt-out of the deal.
Daily Journal Staff Writer
LOS ANGELES - The tab racked up by the nation's largest bank to settle a securities fraud class-action with former Countrywide Financial shareholders may exceed the current $600 million price tag if 57 investors are allowed to opt-out of the deal.
Those institutional investors are now seeking to pursue their own claims against the former mortgage lender, according to a review of recent court fil...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In