Allstate Barred From Federal RMBS Claims Against Countrywide

25 Oct 2011

U.S. District Judge Mariana Pfaelzer of Los Angeles has barred Allstate from pursuing federal securities law claims against Countrywide Financial for losses the insurer claims from residential mortgage-backed securities sold by the lender.

U.S. District Judge Mariana Pfaelzer of Los Angeles has barred Allstate from pursuing federal securities law claims against Countrywide Financial for losses the insurer claims from residential mortgage-backed securities sold by the lender. The judge, who allowed state claims to proceed, also dismissed Bank of America, Countrywide’s current ...

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