Commercial News
5/15/2008 8:10:41 AM EST
Judge: Countrywide Shareholders' Suit Can Proceed
LOS ANGELES – (AP) A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to trial, rejecting several arguments by the troubled mortgage lender to dismiss the case.
In a ruling issued Tuesday, U.S. District Judge Mariana R. Pfaelzer in Los Angeles sided with several public pension funds, … Full version (available to lexis.com subscribers)
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