Judge derails Countrywide’s bid to settle shareholder lawsuit (Chicago Tribune)
April 2, 2009 by admin
Filed under Countrywide
The agreement would improperly wipe out some investor claims over the mortgage lender’s $2.5-billion takeover by Bank of America, a Delaware jurist rules. Countrywide Financial Corp. lost a bid to settle a shareholder lawsuit over its $2.5-billion takeover by Bank of America Corp. when a judge ruled the agreement would improperly wipe out some investor claims.